Bulls faced with resistance at 1.3300 and there’s a ‘V-Top’, so the market is likely going to test the nearest support at 1.3172 – 1.3143. A pullback from this area could be a starting point for another upward price movement towards the next resistance at 1.3244 – 1.3268.
There’s a ‘Double Top’ pattern, which has been confirmed, so the price is declining. The main intraday target is the closest support at 1.3172, which is near the 55 Moving Average. If a pullback from this level happens next, there’ll be a moment to have a bullish price movement to 1.3244 – 1.3268.
GBP/USD H4
GBP/USD H1
