GBP/USD: local bullish 'Thorn'

2018-07-12 20:01    FBS

GBP/USD: local bullish 'Thorn' Institution Opinions 1

We've got a bullish 'Thorn', so the market is likely going to reach the closest resistance at 1.3253. Meanwhile, if a pullback from this level happens next, there'll be an opportunity to have a decline towards the next support at 1.3170 - 1.3143.

GBP/USD: local bullish 'Thorn' Institution Opinions 2

The price is rising because of the last 'V-Bottom' pattern. In this case, we should keep an eye on the closest resistance at 1.3253. If a pullback from this level happens next, bears will probably try to reach the closest important support at 1.3170 - 1.3143.

GBP

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