The market has formed a “Thorn” pattern, which led to the current decline. Therefore, the price is likely going to get a support at 1.4194 – 1.4170. If so, the pair will probably try to achieve a resistance at 1.4105 – 1.4342 once again.
Yesterday the price was moving up and down, which finally brought a “Thorn” and a “V-Bottom”. It’s likely to see the market somewhere in a support area at 1.4195 – 1.4189 during the day. If a pullback happens, the pair will have an opportunity to reach a resistance at 1.4305.
GBP/USD, H4
GBP/USD, H1
Origin: FX BAZOOKA
