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GBP/USD: despite of "V-TOP", bulls are still in the game

GBP/USD: despite of "V-TOP", bulls are still in the game

The pair has faced a resistance at 1.4669, which brought a “V-Top” pattern. So, the market is likely going to reach the nearest support at 1.4515. If a pullback from this level happens, buyers will probably try to move on, so we should keep an eye on a resistance at 1.4695 as the next possible bullish target.

GBP/USD: despite of "V-TOP", bulls are still in the game

We’ve got a local flat in progress under the quite strong resistance at 1.4669. Therefore, the market is likely going to get a support at 1.4529 – 1.4522. If we see a pullback from this area, a bullish movement becomes possible afterwards.

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