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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: pullback from Moving Average

GBP/USD: pullback from Moving Average

The price is consolidating along the nearest level at 1.2226. Therefore, the market is likely going to achieve a support at 1.2089. If any bullish pattern arrives afterwards, there’ll be an opportunity to see an upward movement in the direction of the closest resistance at 1.2476.

GBP/USD: pullback from Moving Average

There’s a flat, which is taking place under the Moving Averages. So, the pair is likely going to decline towards the next support at 1.2132 – 1.2089 during the day. Nevertheless, if a pullback from this area happens, bulls will probably try to reach the 89 Moving Average. 

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