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GBP/USD: bulls having a rest

GBP/USD: bulls having a rest

The 55 Moving Average acted as a resistance twice. So, the price is likely going to decline towards a support at 1.3336 – 1.3226 in the short term. If a pullback from this area happens later on, there’ll be a chance to have a local bullish movement.

GBP/USD: bulls having a rest

The price faced a resistance at 1.3495, which brought a local “V-Top” pattern, so the price started to decline. Therefore, it’s likely that bears are going to get a support at 1.3356 – 1.3285. However, if a pullback from here arrives afterwards, buyers will probably try to achieve a resistance at 1.3471 – 1.3614.

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