GBP/USD: 'Flag' pattern has been broken

GBP/USD: 'Flag' pattern has been broken


The main trend is still bullish. It's likely that the pair is going to achieve the next resistance at 1.4262 - 1.4285 in the short term. Meanwhile, if a pullback from these levels forms afterwards, there'll be time for a downward correction.


The last 'Flag' pattern has been broken, so the price is rising. At the same time, we've got a 'V-Top' pattern. In this case, we should keep an eye on the closest support at 1.4171 - 1.4144 as an intraday target.



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The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

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