GBP/USD: the market go haywire
We’ve got a “Breakaway Gap”, so the price faced a resistance at 1.4601 afterwards. Therefore, the market is likely going to close the gap during the day. However, bulls probably will try to deliver a new high subsequently, but only if a pullback from the 34 or 55 Moving Average happens.
There’s a “Double Top”, which has been confirmed. So, the pair is likely going to get a support at 1.4476 – 1.4363. Nevertheless, bulls will probably try to resume an upward movement later on.