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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: despite of "Thorn" bulls are still in the game

GBP/USD: despite of "Thorn" bulls are still in the game

The price was rising until bulls faced a resistance at 1.4662, which brought a “Thorn” pattern, so the pair came back to a support at 1.4545. Therefore, the market is likely going to get a resistance at 1.4658 in the short term. If a pullback from this level happens, there’ll be an opportunity for a bearish movement towards a support at 1.4545 – 1.4513.

GBP/USD: despite of "Thorn" bulls are still in the game

We’ve got a flat in progress, which turns out into a “Pennant” pattern, so the market is likely going to get a resistance at 1.4613 – 1.4662. If buyers be stopped somewhere in here, a downward movement becomes possible.

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