GBP/USD: "V-Bottom" pattern

GBP/USD: "V-Bottom" pattern

3-10-2017-GBP-H4.png

We've got a "V-Bottom", so there's an opportunity to have a local bullish correction. Meanwhile, bears are likely going to test the next support at 1.3182 - 1.3150 afterwards. If we have a pullback from this area, bulls will probably try to deliver an upward price movement.

3-10-2017-GBP-H1.png

There's a "Double Bottom", which has been confirmed. So, the main intraday target is the nearest resistance at 1.3328. However, if a pullback from this level happens, we could have another decline.

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