GBP/USD: "V-Top" pattern

GBP/USD: "V-Top" pattern

19-2-2018-GBP-H4 (1).png

Bulls faced with resistance at 1.4149, so we've got a "V-Top" pattern. Therefore, we should keep an eye on the nearest support at 1.3915 as an intraday target. If a pullback from this level happens afterwards, bulls will probably try to achieve another resistance at 1.4066 - 1.4149.

19-2-2018-GBP-H1 (1).png

There's a consolidation, which is taking place near the 55 Moving Average. The main intraday target is the closest support at 1.3923. Meanwhile, if we have a pullback from this level, there'll be a moment for a bullish price movement towards the next resistance at 1.4066 - 1.4100.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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