We’ve got a consolidation between the nearest resistance at 1.3289 and support at 1.3116. So, the market is likely going to reach the 89 Moving Average in the short term. If a pullback from this line happens afterwards, the pair will probably try to have a support at 1.3116 once again.
The price is moving up and down. It’s likely that we’re going to see a local decline towards the Moving Average lines. At the same time, bulls will probably try to deliver a new high afterwards.
GBP/USD, H4
GBP/USD, H1
Origin: FX BAZOOKA
