GBP/USD: bullish "Flag" pattern pattern

GBP/USD: bullish "Flag" pattern pattern

12-6-2018-GBP-H4 (1).png

There's a consolidation, which is taking place between the levels 1.3471 - 1.3344. Also, there's a 'Flag', so the market is likely going to reach the next resistance at 1.3471 - 1.3490 shortly. A pullback from this area could be a starting point for a bearish correction.

12-6-2018-GBP-H1 (1).png

We've got a 'Triple Bottom', which has been confirmed. At the same time, bulls faced with resistance at 1.3419, so we're likely going to have a downward correction soon. The main intraday target is the closest support at 1.3380 - 1.3370.

gbp

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Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.

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