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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: bulls and bears are fighting in the "Triangle"

GBP/USD: bulls and bears are fighting in the "Triangle"

The pair has been moving in a range of the current “Triangle” pattern. It’s likely that the market is going to get a support at 1.4384 – 1.4342. If we see a pullback somewhere from here, bulls will probably try to catch a resistance at 1.4462 – 1.4510.

GBP/USD: bulls and bears are fighting in the "Triangle"

There’s a flat in progress, which is supported by the Moving Average lines. Therefore, the market is likely going to test a resistance at 1.4581. Considering a possible pullback from this level, bears are probably going to reach a support at 1.4462 afterwards.

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