GBP/USD: bearish "Flag"

GBP/USD: bearish "Flag"

GBP/USD: bearish "Flag"

Bulls faced resistance at 1.2995, so we've got a "Double Top" pattern, which has been confirmed. Therefore, the pair is likely going to test the 34 Moving Average. If a pullback from this line happens, bulls will probably try to test resistance at 1.2945 - 1.2964.

GBP/USD: bearish "Flag"

We've got a "Double Top" pattern, which has been confirmed by the last "Flag". The 55 Moving Average acted as support, so bulls are likely going to test resistance at 1.2955 - 1.2964 during the day. Considering a possible pullback from this area, we could have a decline towards support at 1.2913 - 1.2900 afterwards.

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GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

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