GBPUSD bullish flag suggests further upside

April 20, 2016

By Admiral Markets

The GBPUSD has washed off Brexit talks and it is showing an upward momentum on intraday time frames. After better than expected Claimant Count change (Change in the number of people claiming unemployment-related benefits during the previous month) the pair is showing now moment buyers off 1.4345-60 withing a bull flag. If we add the distance of the flag pole to the possible breakout point we can see that the pair might be targeting 1.4477 and only H4 close or H1 momentum above 1.4477 will target 1.4541.

Current momentum is strong and we might see a bullish continuation as flag is suggesting.

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Article by Admiral Markets

Source: GBPUSD bullish flag suggests further upside

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