GBP/USD trades 0.19% higher on the session at 1.2878. There is a flag consoldation pattern and cable is mid range. GBP/USD 4-Hour Chart Cable has been in a consolidation phase ever since Boris Johnson and the EU announced a deal had been agreed between the pair. Now it seems that the pair is looking for more information or a decisive USD move to break from the consolidation pattern. The red lines on the chart below represent the chart pattern, while the black lines are support and resistance levels. The complete low of the whole pattern is 1.2768 and if this breaks it would be a pretty bearish scenario. On the topside the main 1.30 psychological resistance has been a tough nut to crack. For now, watch out for a test of 1.29 as some USD weakness has entered the market. GBP/USD Daily Chart Flag Pattern Additional Levels 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 USD/JPY slumps to fresh 10-day lows near 108.30 on falling US T-bond yields FX Street 3 years GBP/USD trades 0.19% higher on the session at 1.2878. There is a flag consoldation pattern and cable is mid range. GBP/USD 4-Hour Chart Cable has been in a consolidation phase ever since Boris Johnson and the EU announced a deal had been agreed between the pair. Now it seems that the pair is looking for more information or a decisive USD move to break from the consolidation pattern. The red lines on the chart below represent the chart pattern, while the black lines are support and resistance levels. The complete low of the whole pattern is 1.2768 and if this… 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.
