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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: "V-Top" is pushing bears to break the last low

GBP/USD: "V-Top" is pushing bears to break the last low

We’ve got a “V-Top”, so the price is declining. Considering the previously formed “Triple Top” at the last high, the market is likely going to falling down towards a support at 1.4331, which is strengthened by the trend line. If we see a pullback from this level, there’ll be an open door for an upward correction.

GBP/USD: "V-Top" is pushing bears to break the last low

There’s a consolidation in progress. Yesterday a local “Triple Top” was formed, so the market is likely going to break the last low. The nearest target for bears is a support at 1.4343 – 1.4331, which could easily set up an upward correction.

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