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GBP/USD: price going to test next resistance

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14-3-2018-GBP-H4 (1).png

Bulls found resistance at 1.3996. Nevertheless, the market is likely going to test the next resistance at 1.4069 in the coming hours. This level could be a starting point for a downward correction towards the nearest support at 1.3928.

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There's a "V-Top" pattern, which has been confirmed. Therefore, bears are likely going to test the closest support at 1.3928 - 1.3911 soon. Meanwhile, if a pullback from this area happens afterwards, bulls will probably try to reach another resistance at 1.3996 - 1.4023.

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