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GBP/USD: flat going to end

GBP/USD: flat going to end

We’ve got a consolidation, which is taking place on the four-hour chart. Therefore, it’s likely to see a decline towards a support at 1.3056 – 1.3022 in the short term. At the same time, if we have a pullback from these levels, bulls will probably try reach the 89 Moving Average.

GBP/USD: flat going to end

The price found a support at 1.3056, which led to the current flat. Also, we’ve got a resistance by the 34 Moving Average. In this case, the pair is likely going to get a support at 1.3069 – 1.3056 shortly, but if a pullback from this area happens, then we should keep an eye on the nearest resistance at 1.3119.

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