GBP/USD: 'V-Bottom' pushing price higher
We've got a 'Pennant', so the pair is likely going to reach the nearest resistance at 1.3216 - 1.3257. A pullback from this area could be...
GBP/USD: 'V-Top' pattern
There's a 'V-Top' pattern, so the price is declining. It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for a bullish price movement in the direction of the nearest resistance at 1.3094 - 1.3101.
We've got a 'Triple Three', which led to the current decline. The main intraday target is the closest support at 1.2994 - 1.2977. If a pullback from these levels happens next, we're likely going to have an upward correction towards another resistance at 1.3032 - 1.3069.
Sergey Logachev
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