GBP/USD: "flag" calling bears to break the last low
There’s a “Flag”, which points to a possible achievement of the nearest support at 1.2853 in the short term. So, it seems like we’re going to have a new low very soon. The price is likely going to falling down until any reversal pattern arrives. However, if we finally get a reversal pattern, we should keep an eye on the nearest resistance at 1.3015 – 1.3116.
We’ve got a local flat in a form of a “Flag”. The price is trying to break its lower side, so bears are likely going to achieve the nearest support at 1.2795 during the day. Considering a possible pullback from this level, an upward correction becomes possible afterwards.