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

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

15-6-2018-GBP-H4 (1).png

The pair is declining because of the last 'V-Top' pattern. Meanwhile, it's likely to have a bullish correction in the coming hours. The main intraday target is the closest resistance at 1.3253 - 1.3277, which could be a starting point for another decline.

15-6-2018-GBP-H1 (1).png

It seems like there's a 'Thorn' pattern, so we're likely going to have an upward correction during the day. In this case, we should keep on track the nearest resistance at 1.3253 - 1.3277 as a bullish target.



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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