GBP/USD: "V-Bottom" led to a new high

GBP/USD: "V-Bottom" led to a new high


The 55 Moving Average has acted as support, so there's a bullish "Thorn" pattern. The main intraday target is the next resistance at 1.3382 - 1.3408. This area could be a departure point for a decline towards the nearest support at 1.3320 - 1.3298.


We've got a "V-Bottom" pattern, which led to forming a new local high. So, we're likely going to have a local downward correction in the coming hours. If a pullback from the closest support at 1.3336 happens afterwards, bulls will try to deliver another rally.



Latest news

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera