The pair has been moving in a range along a support at 1.4117. It’s likely to see the market lower in the short term. In case of a possible pullback from a support at 1.4042, the price will have a chance to taste a resistance at 1.4193.
There’s a probable “Pennant” on the one-hour chart, so the price is likely going to break its lower side. If bears be stopped on a support line at 1.4042, then bulls will likely try to reach a resistance area between the levels 1.4117 – 1.4155.
GBP/USD, H4
GBP/USD, H1
Origin: FX BAZOOKA
