There’s a “Thorn” pattern, so the price is consolidating. The main intraday target is the nearest support at 1.3150 – 1.3109. If a pullback from this area happens little later on, bulls are likely going to reach the next resistance at 1.3182 – 1.3238.
The price is consolidating under the Moving Averages. Also, there’s a “Thorn” pattern, which has been confirmed. Therefore, the pair is likely going to reach the nearest support at 1.3150 – 1.3153. This area could be a departure point for another upward price movement.
GBP/USD H4
GBP/USD H1
