The price has been rising dramatically since a “Triple Bottom” was formed in a range of the last Support Zone. Finally, the price got a resistance at 1.4638 under the downtrend line. The market is likely going to reach a support at 1.4534 – 1.4513. At the same time, the second achievement of the nearest resistance at 1.4638 is still on the table.
We’ve got a “V-Top” pattern, which brought a local flat to the market. It’s likely that the price is going to reach a support at 1.4534 – 1.4513. In case of a pullback from these levels, bulls will have an opportunity to taste the last high again.
GBP/USD, H4
GBP/USD, H1
