A few days
ago we identified a flag formation on the GBP/USD, daily chart. The flag is
really a bearish channel with an upper trendline that was broken around the
1.4300 level. The pair accelerates its bullish momentum and reaches the 1.4400
level where it stalls. The GBP/USD could bounce to the downside, but if it
breaks the 1.4400 level to the upside, then it may reach the 1.4500 level. To
the downside, the 1.4300 level could act as support, below that level, the
1.4200 and the 1.4100 could also act as supports.
Excellent analysis, thank you for sharing!
ReplyDeleteGood point. I'll keep a close eye on it.
ReplyDeleteI agree with your point of view.
ReplyDeleteIt will likely break above 1.4400.
ReplyDeleteWell spotted! Thanks for sharing it.
ReplyDeleteIt's still testing the resistance.
ReplyDeleteInteresting analysis.
ReplyDeleteGood post, thank you!
ReplyDeletethank you, keep going with the analyses
ReplyDelete