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.



Latest news

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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