The pair has faced a resistance at 1.4669, which brought a “V-Top” pattern. So, the market is likely going to reach the nearest support at 1.4515. If a pullback from this level happens, buyers will probably try to move on, so we should keep an eye on a resistance at 1.4695 as the next possible bullish target.
We’ve got a local flat in progress under the quite strong resistance at 1.4669. Therefore, the market is likely going to get a support at 1.4529 – 1.4522. If we see a pullback from this area, a bullish movement becomes possible afterwards.
GBP/USD, H4
GBP/USD, H1
Origin: FX BAZOOKA
