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GBP/USD: 'Flag' pattern has been broken

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11-4-2018-GBP-H4.png

The main trend is still bullish. It's likely that the pair is going to achieve the next resistance at 1.4262 - 1.4285 in the short term. Meanwhile, if a pullback from these levels forms afterwards, there'll be time for a downward correction.

11-4-2018-GBP-H1.png

The last 'Flag' pattern has been broken, so the price is rising. At the same time, we've got a 'V-Top' pattern. In this case, we should keep an eye on the closest support at 1.4171 - 1.4144 as an intraday target.

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