GBP/USD: bullish "Flag"

GBP/USD: bullish "Flag"

2019-11-11 • Updated

18-9-2017-GBP-H4.png

The price faced with resistance at 1.3653, so there's a consolidation. In this case, bulls are likely going to reach the closest resistance at 1.3652 - 1.3681 soon. However, if a pullback from this area happens, we could have a decline towards the next support at 1.3533.

18-9-2017-GBP-H1.png

There's a consolidation, which is taking place on the one hour chart. Also, we've got a bullish "Flag", so the pair is likely going to test the nearest support at 1.3532 during the day. If a pullback from this level happens, there'll be an option to have an upward price movement towards another resistance at 1.3652 - 1.3681.

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