660
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 run smack into the bearish "Thorn"

Sergey Logachev

GBP/USD: bulls run smack into the bearish "Thorn"

The price has formed two “Thorns” in a row, which led to the current rise. Moreover, the downtrend line has been broken, so bulls are probably going to taste a resistance at 1.4426. Considering a possible pullback from this level, it’s likely to see the price on a support at 1.4282 – 1.4234 afterwards.

GBP/USD: bulls run smack into the bearish "Thorn"

There’s a flat in a range of the current resistance zone. We’ve got a small “Flag”, so it’s likely to see the market higher. If the price gets a resistance at 1.4369 – 1.4405, a downward correction will be possible, so we should keep an eye on a support at 1.4240. 

GBP
Scroll to top