The price is consolidating between the levels 1.3221 – 1.3150. It’s likely that bears are going to achieve the nearest support at 1.3081 in the short term. If we see a pullback from this level, there’ll be an opportunity to have a bullish price movement towards another resistance at 1.3081 – 1.3120.
Bears faced with support at 1.3077, so there’s a “Thorn” pattern. In this case, the pair is likely going to test the closest resistance at 1.3120 – 1.3150 during the day. Meanwhile, if a pullback from this area arrives afterwards, we could have just another decline.
GBP/USD H4
GBP/USD H1
