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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: support is waiting

Sergey Logachev

GBP/USD: support is waiting

The pair has been moving in a range along a support at 1.4117. It's likely to see the market lower in the short term. In case of a possible pullback from a support at 1.4042, the price will have a chance to taste a resistance at 1.4193.

GBP/USD: support is waiting

There's a probable “Pennant” on the one-hour chart, so the price is likely going to break its lower side. If bears be stopped on a support line at 1.4042, then bulls will likely try to reach a resistance area between the levels 1.4117 – 1.4155. 

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