GBP/USD: consolidation in a range of 'Triangle'

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29-8-2018-GBP-H4.png

The pair is still consolidating in a range of a possible 'Triangle' pattern. The main intraday target is the 89 Moving Average, which could be a starting point for a decline towards another support at 1.2877 - 1.2851.

29-8-2018-GBP-H1.png

There's a 'V-Bottom', so the market is likely going to reach the next resistance at 1.2924 - 1.2935 in the short term. If a pullback from the area happens afterwards, there'll be a moment to have a decline in the direction of the closest support at 1.2860 - 1.2851.

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