GBP/USD:

GBP/USD: "Triple Bottom" pattern

2019-11-11 • Updated

4-2-2018-GBP-H4.png

The main trend is still bullish, so we should keep an eye on the nearest resistance at 1.3595 - 1.3618 as the next intraday target. If a pullback from this area happens little later on, there'll be a moment to have a decline towards the closest support at 1.3419 - 1.3465.

4-2-2018-GBP-H1.png

The 55 Moving Average has acted as support, so there's a "Triple Bottom" pattern. In this case, bulls are likely going to test the next resistance at 1.3595 - 1.3612. Meanwhile, if a pullback from this area is on the table, bears will probably try to achieve the nearest support at 1.3537 - 1.3519.

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