GBP/USD:Breakout Bearish Flag pattern and price ready to DROP

5 באוג׳ 2022

Today the GBP recovered from the bad start of yesterday's market. The Bearish Flag was broken yesterday but today the market shows some uncertainty from the low volume of this period, August. The price tested the 50 / 61.8 % Fibo area, rebounded on the 200 SMA with the Stochastic in Overbought and the Forecast Ichimoku in Red, all these clues make our prediction Bearish.