GBP/USD: "V-Bottom" pattern

GBP/USD: "V-Bottom" pattern


Bears faced with support at 1.3017, so we've got a "V-Bottom" pattern. In this case, the pair is likely going to achieve the nearest resistance at 1.3182 in the short term. However, if we have a pullback from this level, there'll be an option to have another decline towards the closest support area at 1.3017 - 1.2994.


The price has been rising since a "V-Bottom" pattern was formed. The main intraday target is the nearest resistance at 1.3182 - 1.3221. Meanwhile, if we see a pullback from these levels, bears will probably try to reach the next support at 1.3017 - 1.2994 soon.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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

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