There’s a “Thorn” pattern, so the market is likely going to test the nearest resistance at 1.3979 – 1.4011. This area could be a departure point for a downward price movement in the direction of the next support at 1.3835.
We’ve got a local “V-Top”, so there’s a moment to have a local bearish correction. Anyway, bulls are likely going to achieve another resistance at 1.3958 – 1.3979 afterwards.
GBP/USD H4
GBP/USD H1
