FBS - Analytics

    FBS

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    GBP/USD: "Triple Bottom" entered the market into the correction phase

    GBP/USD: "Triple Bottom" entered the market into the correction phase

    The price has found a support at 1.4089, which brought a “V-Bottom” pattern. So, the pair reached a resistance at 1.4227 afterwards. It’s likely that the market is going to test the last low during the day. If bears be stopped here, there’ll be a chance to see an upward movement in the direction of a resistance at 1.4248.

    GBP/USD: "Triple Bottom" entered the market into the correction phase

    We’ve got a “Triple Bottom”, which has been confirmed, so the price achieved the 34 Moving Average. Currently, there’s a flat in progress. So, the market is likely going to decline towards a support at 1.4113 – 1.4089. At the same time, if a pullback from this area happens, bulls will do their best to reach a resistance at 1.4227 – 1.4248.


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