We’ve got a “V-Bottom” pattern, which led to the current upward correction. Finally, the price faced a resistance at 1.4117 and started to decline afterwards. The market is likely going to continue falling down. If the price gets a support at 1.3995, it’ll be a chance to see a bullish movement towards a resistance at 1.4117 – 1.4170.
The pair has found a resistance at 1.4170, which brought a “Double Top” pattern. So, the market is likely going to get a support at 1.4018 – 1.4004. If so, a rise becomes possible towards a resistance at 1.4108 – 1.4156.
GBP/USD, H4
GBP/USD, H1
Origin: FX BAZOOKA
