GBP/USD: "V-Top" pushed price lower

GBP/USD: "V-Top" pushed price lower

27-11-2017-GBP-H4.png

There's a "V-Top" pattern, which pushed the price lower. The main intraday target is the nearest support at 1.3298 - 1.3278. If a pullback from these levels happens little later on, we could have just another upward price movement towards the next resistance at 1.3359 - 1.3382.

27-11-2017-GBP-H1.png

The 34 Moving Average is acting as support, so bulls are likely going to test the closest resistance at 1.3336 - 1.3359. However, if we have a pullback from this area, there'll be an opportunity to have a decline in the direction of the nearest support at 1.3298 - 1.3278.

gbp

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