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GBP/USD: bullish "Flag"
2019-11-11 • Updated
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.
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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