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

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

28-5-2018-GBP-H4 (1).png

The pair has been declining since the last 'V-Top' formed. The main intraday target is the closest support at 1.3300 - 1.3266. A pullback from this area could be a starting point for a bullish correction.

28-5-2018-GBP-H1 (1).png

There's a 'Thorn' pattern, so the market is likely going to test the 34 Moving Average. If a pullback from this line happens little later on, there'll be a moment to have a decline towards another support at 1.3292 - 1.3266.

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