FBS - Analytics


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    GBP/USD: bears escaped from the "Triangle"

    The last flat along the Moving Averages was finally ended up. The price got a support at 1.4343 afterwards, so there's time for a local correction. If the pair faces a resistance at 1.4425, bears are likely going to taste a support at 1.4298 – 1.4227.

    GBP/USD: bears escaped from the "Triangle"

    The previously formed “Triangle” was finally broken, which brought bears into the market. There’s an opportunity to see a local correction because of a pullback from the nearest support. Nevertheless, the price is likely going to decline afterwards, so we should keep an eye on the next support at 1.4298 as a possible sellers goal.


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