GBP/USD: market to test the lower 'Window'

Information is not investment advice

The market is consolidating along the Moving Averages. Previously, we had a 'Three Methods' pattern, which has been confirmed. It's likely that the pair is going to test the lower 'Window' (1.2936) soon, which could be a departure point for a local upward correction towards the nearest resistance at 1.3036. If a pullback from this level happens next and the price brokes the 'Window', there'll be an opportunity to have a decline in the direction of the closest important support at 1.2775.

Galya Svetlova

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