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GBP/USD: bullish "Flag" pattern

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16-3-2018-GBP-H4.png

There's a bullish "Flag" pattern, so the pair is likely going to reach the next resistance at 1.3996 - 1.4069. However, if we have a pullback from these levels, there'll be a moment for a downward price movement towards the nearest support at 1.3928.

16-3-2018-GBP-H1.png

The price is consolidating above the Moving Averages. The main intraday target is the closest resistance at 1.3995 - 1.4023. If a pullback from this area happens little later on, bears will probably try to test the nearest support at 1.3928 - 1.3910.

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