GBP/USD: "Triple Bottom"

GBP/USD: "Triple Bottom"

19-2-2018-GBP-H4.png

Bulls faced with resistance at 1.3943, but the price is likely going to continue moving up. The main intraday target is the next resistance at 1.4011. If a pullback from this level forms afterwards, bears will probably try to test the closest support at 1.3913 - 1.3834.

19-2-2018-GBP-H1.png

There's a "Triple Bottom", so the pair is likely going to achieve the nearest resistance at 1.3942 - 1.4011 in the coming hours. Meanwhile, if we see a pullback from these levels, there'll be an opportunity to have a decline in the direction of another support at 1.3913 - 1.3834.

gbp

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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