GBP/USD: "Triple Top" led to decline
The price has been falling down. However, bears faced a support at 1.3116, so the market is likely going to reach a resistance at 1.3226 – 1.3336. If a pullback from this area arrives afterwards, there’ll be an opportunity to see another downward movement in the direction of the next support area at 1.3015 – 1.2849.
The last consolidation along the Moving Averages was finally ended by the strong bearish rally. Nevertheless, the price found a support at 1.3104, which led to the current local flat. So, the pair is likely going to get a resistance at 1.3273 – 1.3313. If we see a pullback from this area, bears will probably try to achieve a support at 1.3015 – 1.2970.