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GBP/USD: "Pennant" inside the consolidation
GBP H4
We’ve got a flat, which is taking place near the uptrend. So, the market is likely going to decline towards a support at 1.2379 – 1.2352 in the short term. If we have a pullback from these levels, bulls will probably try to reach the nearest resistance at 1.2476 – 1.2511.
We’ve got a flat, which is taking place near the uptrend. So, the market is likely going to decline towards a support at 1.2379 – 1.2352 in the short term. If we have a pullback from these levels, bulls will probably try to reach the nearest resistance at 1.2476 – 1.2511.
GBP H1
There’s a “Pennant” pattern on the one-hour chart. In this case, the pair is likely going to achieve a support at 1.2379 – 1.2359 during the day. Considering a possible pullback from this area, there’s an opportunity to have a bullish movement towards a resistance at 1.2439 – 1.2476 afterwards.
There’s a “Pennant” pattern on the one-hour chart. In this case, the pair is likely going to achieve a support at 1.2379 – 1.2359 during the day. Considering a possible pullback from this area, there’s an opportunity to have a bullish movement towards a resistance at 1.2439 – 1.2476 afterwards.
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