GBP/USD: 'Triangle' pushed the price higher

GBP/USD: 'Triangle' pushed the price higher

14-9-2018-GBP-H4.png

There's a 'Triangle', which pushed the price higher. It's likely that the market is going to test the next resistance at 1.3143 - 1.3172. This area could be a departure point for a decline towards the closest support at 1.3047 - 1.3032.

14-9-2018-GBP-H1.png

It seems like there's a 'Pennant' pattern, so the price is likely going to reach another resistance at 1.3143 - 1.3172. If a pullback from these levels happens next, there'll be a moment to have a bearish correction to the area at 1.3102 - 1.3081.

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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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