GBP/USD: 'Flag' points to another bullish rally

GBP/USD: 'Flag' points to another bullish rally


There's a 'V-Top', so the price is declining. Even so, we should keep watching the nearest resistance at 1.3181 as the next bullish target. The following pullback from this level could lead to a downward correction to 1.3089 - 1.3047.


It seems like there's a 'Flag' pattern, which is about to end. In this case, it's likely that the pair is going to reach the closest resistance at 1.3181 within the next few hours. If a pullback from this level forms little later on, bears will probably try to deliver a downward correction.



Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera