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GBP/USD: pair declining since 'Triangle' broken

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3-8-2018-GBP-H4.png

The pair has been declining since the triangle was broken. The main intraday target is the next support at 1.2957 - 1.2932. This area could be a departure point for a correction towards the closest resistance at 1.3032 - 1.3047.

3-8-2018-GBP-H1.png

The market is bearish. It's likely that the price is going to test the nearest support at 1.2957 - 1.2932 shortly. Meanwhile, if we have a pullback from these levels, there'll be a green light for a bullish correction.

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