GBP/USD: price consolidating above MA

2018-04-16 22:01    FBS

GBP/USD: price consolidating above MA Institution Opinions 1

The main trend is still bullish. It's likely that the pair is going to test the next resistance at 1.4295 - 1.4314. However, if a pullback from these levels happens little later on, there'll be a moment for a decline in the direction of another support at 1.4217 - 1.4199.

GBP/USD: price consolidating above MA Institution Opinions 2

The price is consolidating above the Moving Averages. So, we should keep an eye on the next resistance at 1.4295 - 1.4314 as an intraday target. This area could be a starting point for a downward correction.

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