The price is rising because of the last ‘V-Bottom’ pattern. It’s likely that the market is going to reach the next resistance at 1.3307 – 1.3341 in the coming hours. This area could be a starting point for a bearish correction.
There’s a local ‘V-Top’ pattern, so we’re likely going to have a downward correction during the day. However, if a pullback from the nearest support at 1.3253 happens next, bulls will probably try to achieve another resistance at 1.3318 – 1.3341.
GBP/USD H4
GBP/USD H1
