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

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

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

Bulls faced a resistance at 1.2951, so we’ve got a “V-Top” pattern, which pushed the price to a support at 1.2774. Therefore, the pair is likely going to reach the nearest support at 1.2774 – 1.2727. Meanwhile, if we see a pullback from this area, there’ll be an option to have an upward price movement in the direction of the next resistance at 1.2911 – 1.3023.

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

We’ve got a “V-Top”, which has been confirmed. So, the market is likely going to decline towards the closest support at 1.2774 – 1.2727 during the day. Considering a possible pullback from these levels, there’s an opportunity to have a new high afterwards.

gbp

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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.

gbp

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