GBP/USD Forecast: ‘Triangle’ pushed the price higher

com-l4There’s a ‘Triangle’, which pushed the price higher. It’s likely that the market is going to test the next resistance at 1.3143 – 1.3172. This area could be a departure point for a decline towards the closest support at 1.3047 – 1.3032.

It seems like there’s a ‘Pennant’ pattern, so the price is likely going to reach another resistance at 1.3143 – 1.3172. If a pullback from these levels happens next, there’ll be a moment to have a bearish correction to the area at 1.3102 – 1.3081.

GBP/USD H4

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GBP/USD H1

14-9-2018-GBP-H1.png

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