FBS - Analytics


    558.00 6.00/10
    84% of positive reviews

    GBP/USD: "Pennant" strongly supports buyers

    GBP/USD: "Pennant" strongly supports buyers

    The pair entered into a consolidation phase since the downtrend line was broken. The price found a resistance at 1.4692, but it’s likely that the market is going to reach the next resistance at 1.4797 in the short term.

    GBP/USD: "Pennant" strongly supports buyers

    There’s a flat in progress, which brought a possible “Pennant” pattern. So, the price is likely going to the next resistance at 1.4692 – 1.4738. If we see a pullback from this area, there’ll be a chance for a downward correction to happen. 


    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree