GBP/USD: local bearish 'Flag' pattern

GBP/USD: local bearish 'Flag' pattern

17-7-2018-GBP-H4.png

There's a 'Thorn' pattern, so the pair is likely going to test the nearest support at 1.3189 in the coming hours. However, if a pullback from this level forms little later on, it'll be time for a bullish price movement in the direction of the next resistance at 1.3291 - 1.3314.

17-7-2018-GBP-H1.png

It seems like there's a local bearish 'Flag' pattern. If so, the market is likely going to test the closest support at 1.3202 -1.3189 shortly. This area could be a starting point for another upward price movement.

gbp

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