There’s a “V-Top” pattern, so the market is declining. Meanwhile, it’s likely to have a local upward correction in the coming hours. If a pullback from the nearest resistance at 1.4011 – 1.4066 happens afterwards, there’ll be a moment for a decline.
Bears faced with support at 1.3930, so we’ve got a “V-Bottom”. In this case, it’s likely to have a bullish price movement in the direction of the nearest resistance at 1.4011 – 1.4048 in the coming hours.
GBP/USD H4
GBP/USD H1
