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GBP/USD: bullish "Triangle"

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GBP/USD: bullish

The 34 Moving Average is acting as a support. Also, we’ve got a “Triangle”, so we should keep an eye on a resistance at 1.2547 as an intraday target. If a pullback from this level happens, the pair is likely going to get a support on the 89 Moving Average.

GBP/USD: bullish

The price is still consolidating along the Moving Averages. Considering the “Triangle”, bears are likely going to achieve a support at 1.2469 – 1.2448 during the day. Nevertheless, bulls will probably try to reach a resistance at 1.2497 – 1.2506 afterwards.

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