GBP/USD: bullish 'Flag'

Read the article on FBS website

14-6-2018-GBP-H4 (1).png

There's a bullish 'Flag', so the pair is likely going to reach the next resistance 1.3450 - 1.3471. However, if a pullback from this area happens next, there'll be a moment to have a decline towards the closest support at 1.3300 - 1.3344.

14-6-2018-GBP-H1 (1).png

The market has broken all the Moving Averages on the one-hour chart. At the same time, we're likely going to have a local downward correction towards the nearest support at 1.3380. A pullback from this level could be a starting point for another upward price movement.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.