GBP/USD: 'Triangle' has been broken

GBP/USD: 'Triangle' has been broken

30-8-2018-GBP-H4.png

The last 'Triangle' has been broken, so the price is rising. It's likely that the market is going to test the next resistance at 1.3090 - 1.3110 soon. A pullback from this area could be a starting point for a correction.

30-8-2018-GBP-H1.png

It's likely to have a local bearish correction towards the nearest support at 1.2999. If a pullback from this level happens little later on, there'll be a moment to have a bullish price movement towards the next resistance at 1.3070 - 1.3090.

gbp

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