FBS - Analytics

    FBS

    553.50 6.25/10
    88% of positive reviews
    Real

    GBP/USD: new high is coming because of the "Thorn"

    GBP/USD: new high is coming because of the "Thorn"

    The pair found a resistance on the trend line, so the price got a support at 1.4601 afterwards. Also, there’s a bullish “Thorn” pattern, which points to a possible rise towards the main down-trend line. If we see a pullback from here, there’ll be an opportunity to have a decline in the direction of a support at 1.4579.

    GBP/USD: new high is coming because of the "Thorn"

    We’ve got a local flat in progress. It’s likely that the price is going to test a resistance at 1.4782 once again. If bulls be stopped here, a downward movement becomes possible.


    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