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I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

GBP/USD: local support waiting for bears

GBP/USD: local support waiting for bears

We’ve got a “Triple Bottom” pattern, which has been confirmed. The price faced a resistance at 1.3056, which led to form a “Thorn” pattern. So, the market is likely going to get a support at 1.2979 in the short term. Considering a possible pullback from this level, there’s an opportunity to have a bullish movement towards a resistance at 1.3089 – 1.3115 in the short term.

GBP/USD: local support waiting for bears

There’s a “V-Top” pattern, so bears are likely going to reach a support at 1.2995 – 1.2979 during the day. Meanwhile, if we see a pullback from this area, then the price will have a free way to reach a resistance at 1.3030 – 1.3056.

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