GBP/USD: bears going to test uptrend line
The price faced a resistance at 1.3056, which led to form a “Thorn” pattern. So, the market is likely going to decline towards a support by the uptrend line. If a pullback from this level happens, there’ll be an opportunity to have a bullish price movement in the direction of the nearest resistance by the 34 Moving Average.
We’ve got a “V-Bottom” pattern, so the price is consolidating. Therefore, bears are likely going to get a support at 1.2935 during the day. However, if we see a pullback from this level, bulls will probably try to achieve the next resistance at 1.3010.