Bulls faced with resistance at 1.3943, but the price is likely going to continue moving up. The main intraday target is the next resistance at 1.4011. If a pullback from this level forms afterwards, bears will probably try to test the closest support at 1.3913 – 1.3834.
There’s a “Triple Bottom”, so the pair is likely going to achieve the nearest resistance at 1.3942 – 1.4011 in the coming hours. Meanwhile, if we see a pullback from these levels, there’ll be an opportunity to have a decline in the direction of another support at 1.3913 – 1.3834.
GBP/USD H4
GBP/USD H1
