GBP/USD Forecast: price consolidating along Moving Averages

eu-l13Bulls faced with resistance at 1.3253, so the price is consolidating. It’s likely that the pair is going to test the 89 Moving Average in the coming hours. This line could be a departure point for a decline in the direction of the closest support at 1.3213.

The pair is rising because of the last ‘Pennant’ pattern. Meanwhile, if we have a pullback from the nearest resistance at 1.3253, the price is likely going to reach the 34 Moving Average. If this line acts as support, there’ll be an opportunity to have another bullish rally.

GBP/USD H4

5-7-2018-GBP-H4.png

GBP/USD H1

5-7-2018-GBP-H1.png

Рейтинг FOREX брокеров

Рекомендуемые брокеры


Leave a Reply