There’s a “Triple Top”, so the price is consolidating. The main intraday target is the nearest support area at 1.3120 – 1.3081. Therefore, if a pullback from these levels happens little later on, there’ll be an opportunity to have another bullish price movement towards the closest resistance at 1.3221 – 1.3290.
There’s a consolidation, which is taking place between the levels 1.3150 – 1.3202. Also, we’ve got a bearish “Pennant” pattern, so the pair is likely going to achieve the next support at 1.3120 – 1.3077. If a pullback from this area happens, bulls will probably try to reach the nearest resistance at 1.3150.
GBP/USD H4
GBP/USD H1
