GBP/USD: 'V-Top' pushed the price lower

GBP/USD: 'V-Top' pushed the price lower


The market is consolidating along the Moving Averages. The main intraday target is the next resistance at 1.3253 - 1.3274. However, a pullback from this level could be a departure point for a downward correction.


There's a 'V-Top', which pushed the price lower. It's likely that the pair is going to achieve the nearest support at 1.3233 - 1.3213 soon. If a pullback from this area happens next, bulls will probably try to test another resistance at 1.3272 - 1.3291.



Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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