GBP/USD: bullish 'Flag'

There's a bullish 'Flag', so the pair is likely going to reach the next resistance 1.3450 - 1.3471. However, if a pullback from this area happens next, there'll be a moment to have a decline towards the closest support at 1.3300 - 1.3344.

The market has broken all the Moving Averages on the one-hour chart. At the same time, we're likely going to have a local downward correction towards the nearest support at 1.3380. A pullback from this level could be a starting point for another upward price movement.

Sergey Logachev

Similar

16.07.2019 12:38 AUD/CAD touched resistance

Technical levels of AUD/CAD

aud cad technical analysis

15.07.2019 16:05 Head and shoulders of EUR/AUD?

Technical analysis of EUR/AUD

aud eur technical analysis

05.07.2019 09:59 AUD/CHF may consolidate

Technical analysis of AUD/CHF

aud chf technical analysis

Latest news

02.02.2018 13:07 EUR/USD: "Tweezers" on 34 Moving Average

There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...

eur

10.01.2018 20:43 GBP/JPY reversed from resistance zone

GBP/JPY reversed from resistance zone Next sell target - 149…

gbp jpy

01.05.2018 11:00 EUR/USD: no any reversal pattern so far

If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...

eur