GBP/USD: "V-Top" pattern

GBP/USD: "V-Top" pattern


The 34 Moving Average has acted as resistance, so there's a "V-Top" pattern. In this case, we could have a decline towards the nearest support at 1.3799 - 1.3763. If a pullback from this area forms little later on, there'll be a moment to have another bullish price movement.


The price is consolidating between the Moving Averages. The main intraday target is the closest support at 1.3799 - 1.3763. If we have a pullback from these levels, bulls will probably try to test the next resistance at 1.3875 - 1.3904.




Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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