GBP/USD Forecast: new “Breakaway Gap”

gbp-l4The last “Thorn” pattern has been confirmed by the “Breakaway Gap”. So, the market is likely going to test the nearest support area 1.3087 – 1.3069. If we see a pullback from these levels, we should keep an eye on the next resistance at 1.3150 – 1.3182 as an intraday target.

There’s a new “Breakaway Gap”, which was formed this morning. The main bearish target is the next support area at 1.3080 – 1.3074, which could be a departure point for a bullish price movement in the direction of another resistance at 1.3182 – 1.3105.

GBP/USD H4

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GBP/USD H1

13-11-2017-GBP-H1.png

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