GBP/USD: market going to climb even higher

GBP/USD: market going to climb even higher

13-9-2017-GBP-H4.png

The last "Flag" pattern has been broken, so the price is rising. The main intraday target is the nearest resistance at 1.3345 - 1.3374. If a pullback from this area happens little later on, bears will try to test the closest support at 1.3277 - 1.3249.

13-9-2017-GBP-H1.png

The price is consolidating, but the market is likely going to climb even higher. Therefore, we should keep an eye on the next resistance at 1.3345 - 1.3374 as an intraday target, which could be a departure point for a bearish correction.

gbp

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