GBP/USD: "Triple Bottom" set up bullish correction
The price is consolidating above the uptrend. Also, we’ve got a “Triple Bottom” pattern, which has been confirmed. At the same time, the price faced a resistance at 1.3022, so bears are likely going to get a support at 1.2979 in the short term. If we have a pullback from this level, there’ll be an opportunity to see a bullish price movement towards the nearest resistance at 1.3089 – 1.3115.
There’s a “Flag” pattern, so the price is likely going to reach the 89 Moving Average during the day. Meanwhile, if we see a pullback from this line, there’ll be an open door for an achievement of the 34 Moving Average.