A “Breakaway Gap” arrived on the market opening, but a “V-Bottom” was formed afterwards. So, the market is likely going to rise towards the next resistance at 1.3681. If bulls be stopped here, a downward movement becomes possible.
There’s a possible “Double Bottom” in progress. If it confirms, the pair is likely going to get a resistance somewhere between the levels 1.3681 – 1.3835. Considering a possible pullback from here, bears will probably try to reach a support at 1.3226 afterwards.
GBP/USD, H4
GBP/USD, H1
Origin: FX BAZOOKA
