657
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: bulls took a cue from the Double Bottom

Sergey Logachev

GBP/USD: bulls took a cue from the "Double Bottom"

The price formed a “Double Bottom” pattern, which has been confirmed. Finally, a resistance at 1.4283 was achieved, which led to the current decline. So, the market is likely going to get a support at 1.4170 in the short term. If so, a rise towards a resistance 1.4305 – 1.4342 becomes possible afterwards.

GBP/USD: bulls took a cue from the "Double Bottom"

We've got a “V-Top”, which made possible the current downward correction. The market is likely going to reach a support at 1.4190 – 1.4170. If we see a pullback from here, bulls will have an opportunity to achieve a resistance area at 1.4285 – 1.4320.

GBP
Scroll to top