The main trend is still bullish, but there’s a “V-Top” pattern. The main intraday target is the next support at 1.3834 – 1.3741. Meanwhile, if a pullback from this area happens, we could have another upward price movement.
There’s a bearish “Thorn” pattern, so the price is consolidating. It’s likely that the pair is going to test the nearest resistance at 1.3944 – 1.3979, which could be a departure point for a bullish price movement.
GBP/USD H4
GBP/USD H1
