All the Moving Averages have been broken on GBPUSD

29-3-2018-GBP-H4 (1).png

There's a 'Triple Top' pattern, which has been confirmed. So, the pair is likely going to reach the nearest support at 1.3982 - 1.3928 in the short term. A pullback from this area could be a departure point for another decline.

29-3-2018-GBP-H1 (1).png

All the Moving Averages have been broken, so the price is consolidating. The main intraday target is the next support at 1.3982 - 1.3928. If we see a pullback from these levels, bulls will probably try to achieve the closest resistance at 1.4065 - 1.4095.

gbp

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