The price is moving up and down along a resistance at 1.3339. So, the pair is likely going to achieve a support near the 55 Moving Average.
If bears be stopped here, then an upward movement becomes possible, so we should keep an eye on the closest resistance at 1.3400 – 1.3471.
GBP/USD, H4
We’ve got a consolidation, but also there’s a local “Double Top”. In this case, bears are likely going to reach a support at 1.3247. At the same time, if we see a pullback from this level, there’ll be a chance to have an upward movement in the direction of the nearest resistance at 1.3370 – 1.3400.
GBP/USD, H1
Origin: FX BAZOOKA
