GBP/USD: technical analysis
3/17/2017
GBP, H4
Bulls faced a resistance at 1.2382, so the price reached a support at 1.2347 afterwards. Also, there’s a developing “Pennant”, so the market is likely going to reach a resistance at 1.2411 in the short term. Nevertheless, if a pullback from this level be on the table, we should keep an eye on the 89 Moving Average as a possible bearish target.
GBP, H1
The price is consolidating along a support at 1.2347. Considering the last “Pennant” pattern, the pair is likely going to achieve the nearest resistance at 1.2382 – 1.2411. At the same time, if we see a pullback from this area, bears will probably try to approach a support at 1.2347 – 1.2315.
More:
https://new.fxbazooka.com/analytics/12900
3/17/2017
GBP, H4
Bulls faced a resistance at 1.2382, so the price reached a support at 1.2347 afterwards. Also, there’s a developing “Pennant”, so the market is likely going to reach a resistance at 1.2411 in the short term. Nevertheless, if a pullback from this level be on the table, we should keep an eye on the 89 Moving Average as a possible bearish target.
GBP, H1
The price is consolidating along a support at 1.2347. Considering the last “Pennant” pattern, the pair is likely going to achieve the nearest resistance at 1.2382 – 1.2411. At the same time, if we see a pullback from this area, bears will probably try to approach a support at 1.2347 – 1.2315.
More:
https://new.fxbazooka.com/analytics/12900