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

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

25-1-2019-GBP-H4.png

There's a 'V-Top' pattern, so it's likely to have a downward correction in the short term. In this case, we should watch the nearest support at 1.3047 - 1.3032 as an intraday target. If a pullback from this level happens next, there'll be an opportunity to have another bullish rally towards at 1.3174 - 1.3193.

25-1-2019-GBP-H1.png

We've got a 'Double Top' pattern, which has been confirmed. In this case, the price is likely going to test the closest support at 1.3072 - 1.3047. This area might be a departure point for an upward price movement towards the next resistance at 1.3149 - 1.3193.

gbp

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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