There’s a ‘V-Top’ pattern, so the pair is likely going to achieve the closest support at 1.3089 – 1.3047 in the coming hours. Nevertheless, if we have a pullback from these levels, bulls will probably try to reach the next resistance at 1.3181.
Bulls have been stopped by the last ‘V-Top’ pattern, so it’s time for a downward correction. The main intraday target is the nearest support at 1.3047 – 1.3032. This area could be a departure point for another upward price movement towards 1.3149 – 1.3181.
GBP/USD H4
GBP/USD H1
