GBP/USD: 'Triple Top' led to consolidation

GBP/USD: 'Triple Top' led to consolidation


The price is consolidating right after the last 'Triple Bottom' was formed. We're likely going to have a local downward correction soon, but then bulls will probably try to test the 55 Moving Average.


There's a 'V-Bottom', so the price is rising. The main intraday target is the closest resistance at 1.3579 - 1.3606. A pullback from this area could be a departure point for another decline.



Latest news

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.


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