GBP/USD: broken "Flag"

GBP/USD: broken "Flag"

15-9-2017-GBP-H4.png

The last "Double Bottom" led to the massive bullish rally, but bulls faced with resistance at 1.3444. Nevertheless, the price is likely going to continue moving up towards the next resistance at 1.3479, which could be a departure point for a bearish correction.

15-9-2017-GBP-H1.png

The last "Flag" pattern has been broken, so the price is rising. The main bullish target is the closest resistance at 1.3444 - 1.3479. If a pullback from this area happens little later on, there'll be an opportunity to have a downward correction.

gbp

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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