GBP/USD: bullish "Flag"

GBP/USD: bullish "Flag"

GBP/USD: bullish "Flag"

Bulls faced a resistance at 1.2411, so the price reached a support at 1.2382. Therefore, the market is likely going to achieve the next resistance near the current downtrend. If a pullback from this level be on the table, we should keep an eye on the 89 Moving Average as a possible bearish target.

GBP/USD: bullish "Flag"

There’s a flat, which is taking place along a support at 1.2382. Also, there’s a “Flag”, so the pair is likely going to break the last high. At the same time, there’s an opportunity to have a decline towards a support at 1.2382 - 1.2347 afterwards.

 

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GBP/USD: bullish 'Doji'

It's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages...

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Latest news

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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