We’ve got a “Thorn” on the upper resistance zone, which led to the current decline. The market is going to face a support at 1.4117, so if bears won’t have any issues with this level, we should keep an eye on the nearest support at 1.4052. If a pullback happens afterwards, it’ll be a chance to see an upward correction.
There’s a “Triple Top”, which brought bears to the market. The price faced a support at 1.4140, so an upward correction becomes possible. If the pair gets a resistance at 1.4156 – 1.4170, bears are likely going to deliver a new low.
GBP/USD, H4
GBP/USD, H1
Origin: FX BAZOOKA
