GBP/USD: "Triple Bottom"

GBP/USD: "Triple Bottom"


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.


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.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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