GBP/USD: the best bears
The last reversal “Double Top” set up one of the most powerful bearish movement. However, we’ve got a “Thorn” here, so the market is likely going to rise towards a resistance at 1.4089 – 1.4011. If we see a pullback from these levels, the pair will probably try to reach a support at 1.3681 – 1.3503.
Sellers reached a support at 1.3226, so we’ve got a “V-Bottom” pattern. Therefore, the pair is likely going to achieve a resistance at 1.4011. In case of a possible pullback from this level, we should keep an eye on a support at 1.3681 – 1.3503.