GBP/USD: two bearish "Thorn" patterns

GBP/USD: two bearish "Thorn" patterns

7-3-2018-GBP-H4.png

There's a "Double Top" pattern, which has been formed on the Moving Averages. So, we should keep an eye on the nearest support at 1.3856 - 1.3799 as the next bearish target. If a pullback from this area happens, we could have another upward price movement.

7-3-2018-GBP-H1.png

We've got two bearish "Thorn" patterns on the one-hour chart. Therefore, there's an opportunity to have a downward correction towards the closest support area at 1.3816 - 1.3799 in the short term.

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