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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: bears try to return into the market after a pullback from the strong resistance

GBP/USD: bears try to return into the market after a pullback from the strong resistance

The price has achieved a resistance at 1.4738, so bears are free to reach the nearest support at 1.4576. It’s likely possible to see a pullback from this line. If so, bulls will probably try to catch a resistance somewhere near the main downtrend line.

GBP/USD: bears try to return into the market after a pullback from the strong resistance

We’ve got a “V-Top” at 1.4739, so the price is declining. The intraday target is a support 1.4613 near the 89 Moving Average. If bears be stopped here, bulls will probably try to return into the market.

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