The GBP/USD pair has created a bull flag pattern on the 4-hour chart – a bullish continuation pattern, which often ends up accelerating the preceding bullish move. As of writing, the flag resistance is seen at 1.3266. A break above that level would confirm flag breakout and open the doors to 1.3648. The breakout looks likely, as both the rising trendline and the 50-candle MA holding above the 200-candle MA indicates that the path of least resistance is to the higher side. The bullish case, however, would weaken if the spot finds acceptance under the 1.3172 (low of the doji candle carved out in the last 4-hours). 4-Hour Chart Trend: Bullish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BOJ’s Kuroda: Will debate policy normalization at an appropriate time – Reuters FX Street 4 years The GBP/USD pair has created a bull flag pattern on the 4-hour chart - a bullish continuation pattern, which often ends up accelerating the preceding bullish move. As of writing, the flag resistance is seen at 1.3266. A break above that level would confirm flag breakout and open the doors to 1.3648. The breakout looks likely, as both the rising trendline and the 50-candle MA holding above the 200-candle MA indicates that the path of least resistance is to the higher side. The bullish case, however, would weaken if the spot finds acceptance under the 1.3172 (low… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
