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.




Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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