GBP/USD: bearish "Flag"

GBP/USD: bearish "Flag"


There's a consolidation, which is taking place near the 89 Moving Average. Also, there's a possible developing "Flag" pattern, so bears are likely going to reach the nearest support at 1.2932 soon. If a pullback from this level arrives little later on, there'll be an option to have a bullish price movement towards the closest resistance at 1.2982 - 1.2997.


We've got a bearish "Flag", so the market is likely going to test the upper side of this pattern. If a pullback from the nearest resistance at 1.2997 - 1.3013 happens afterwards, we should keep an eye on the next support at 1.2958 - 1.2932 as an intraday target.




promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later