GBP/USD: 'V-Top' led to consolidation

GBP/USD: 'V-Top' led to consolidation

20-8-2018-GBP-H4.png

The price is rising because of the last 'Thorn' pattern. It's likely that the pair is going to test the next resistance at 1.2877 - 1.2911. A pullback from these levels could lead to another decline.

20-8-2018-GBP-H1.png

The last 'V-Top' led to the current consolidation. So, the market is likely going to test the Moving Averages soon. These lines could be a departure point for another bullish rally towards the next resistance at 1.2877.

gbp

Similar

Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Deposit with your local payment systems

Callback

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.

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