GBP/USD: 'Flag' pattern pushed price lower

GBP/USD: 'Flag' pattern pushed price lower

27-9-2018-GBP-H4.png

There's a 'Flag' pattern, which has been broken, so the market is likely going to test the 89 Moving Average in the coming hours. A pullback from this line could be a departure point for a bullish price movement towards the next resistance at 1.3212 - 1.3225.

27-9-2018-GBP-H1.png

We've got a confirmed 'Double Top', so the price is declining. The main intraday target is the nearest support at 1.3055. If a pullback from this level happens next, we should keep an eye on the closest resistance at 1.3172 - 1.3199 as an intraday target.

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