The last ‘Pennant’ pushed the price lower. The main intraday target is the next support at 1.3150 – 1.3120. A pullback from this area could be a departure point for a bullish correction.
There’s a ‘V-Bottom’, so the pair is likely going to test the 34 Moving Average. If a pullback from this line happens little later on, there’ll be a green light for another decline.
GBP/USD H4
GBP/USD H1
