GBP/USD: "Flag" pattern

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13-12-2017-GBP-H4.png

The 89 Moving Average has acted as support, so the price is consolidating. Considering that there are a "Double Top" and a "V-Top" patterns, the pair is likely going to achieve the closest support at 1.3278 - 1.3259 in the coming hours.

13-12-2017-GBP-H1.png

There's a "Flag" pattern, so bears are likely going to reach the nearest support area at 1.3278 - 1.3259. Meanwhile, if a pullback from these level arrives afterwards, we could have an upward price movement in the direction of another resistance at 1.3336 - 1.3357.

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