GbpUsd - Trend Line Break of Bull Flag

Sep 30, 2017

Last week the GbpUsd corrected down into the key area of support at 1.34074 below which it finished the week. The decline is viewed as a secondary trend (correction) of a larger Bull Flag with a breakout of the downward sloping trend line providing the opportunity for a continuation and potential advances to the targets of 1.36710 and 1.37811 respectively.