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GBP/USD: 'V-Bottom' points to correction

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There's a 'V-Bottom' pattern, so the market is likely going to test the nearest resistance at 1.3004 - 1.3025 within the next few hours. A pullback from this level could be a departure point for a decline towards another support at 1.2896.

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We've got a 'Double Bottom', which has been confirmed. So, we should keep an eye on the 55 Moving Average as an intraday target. If a pullback from this line happens little later on, there'll be time for a decline in the direction of 1.2913 - 1.2896.

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