GBP/USD: market to test 34 Moving Average

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There's a local 'V-Top' pattern, so the pair is likely going to achieve the closest support at 1.3888 - 1.3873 in the coming hours. A pullback from this area could be a starting point for a bullish correction towards the nearest resistance at 1.3982 - 1.4009.

25-4-2018-GBP-H1.png

It's likely that the pair is going to test the 34 Moving Average in the short term. Meanwhile, if a pullback from this line happens little later on, there'll be an opportunity to have another decline in the direction of the next support at 1.3912 - 1.3888.

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