GBP/USD: unstoppable bulls are going to break the last high
Bulls got a resistance at 1.4723, but the price is likely going to test the trend line during the day. If we see a pullback from here, it’ll be an opportunity to see a downward correction. Therefore, the next local bearish target is a support at 1.4601 – 1.4579.
The price has been rising dramatically fast since a “V-Bottom” arrived at the last low. Considering a local “Thorn” pattern, the market is likely going to reach the nearest resistance, which is strengthened by the down-trend line. Subsequently, if a pullback from the line happens, bears will probably try to set up a downward correction.