GBP/USD: pair going to test nearest support

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16-1-2018-GBP-H4.png

The main trend is still bullish, but the price is consolidating. Meanwhile, the pair is likely going to achieve the nearest support area between the levels 1.3765 - 1.3730. If a pullback from this area happens, there'll be a moment to have another bullish rally towards the next resistance at 1.3834 - 1.3913.

16-1-2018-GBP-H1.png

The price is consolidating between the levels 1.3843 - 1.3765. The main intraday target is the nearest support at 1.3765 - 1.3730. However, if we see a pullback from this area, bulls will probably try to reach another resistance at 1.3834 - 1.3913.

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