GBP/USD: bullish 'Flag'

GBP/USD: bullish 'Flag'

14-6-2018-GBP-H4 (1).png

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.

14-6-2018-GBP-H1 (1).png

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.



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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