Technical analysis of EURNZD
GBP/USD: possible 'Triple Top' pattern
Information is not investment advice
There's a possible 'Triple Top' pattern, which hasn't been confirmed yet. If the market breaks the low of the last 'V-Bottom' (1.3011), there'll be a moment to have a downward correction. In this case, we should watch the nearest support at 1.2957 - 1.2946 as the next bearish target. If a pullback from this area and the Moving Averages happens little later on, bulls will probably try to reach the previously tested resistance at 1.3072 - 1.3108.