GBP/USD Forecast: pair to test the closest support

gbp4The main trend is still bullish. At the same time, there’s a ‘Thorn’ pattern, so the market is likely going to test the nearest support at 1.4314 – 1.4285.

This area could be a starting point for a bullish price movement towards the next resistance at 1.4386 – 1.4433.

H4 Chart

17-4-2018-GBP-H4 (1).png

There’s a ‘V-Top” pattern, so the pair is likely going to test the closest support at 1.4295 – 1.4285. Meanwhile, if a pullback from these levels forms little later on, there’ll be an opportunity to have another upward price movement.

H1 Chart

17-4-2018-GBP-H1 (1).png

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