Bulls faced with resistance at 1.3290, but the market is likely going to continue moving up, so we should keep an eye on the next resistance at 1.3290 – 1.3342 as an intraday target. If we have a pullback from this area, there’ll be an opportunity to have a decline towards the nearest support at 1.3221 – 1.3182.
We’ve got a “Thorn” pattern, so the price is consolidating. Therefore, the market is likely going to reach the nearest support at 1.3256 – 1.3221 during the day. At the same time, if we have a pullback from these levels, bulls will probably try to test the next resistance at 1.3290 – 1.3343.
GBP/USD H4
GBP/USD H1
