JanKoristka

JanKoristka

We can see that GBPUSD broke daily pennant pattern and is going to break resistance level. I expect pennant break confirmation and strong bullish move to 1.31210 resistance zone.

JanKoristka

Price reversed from a daily resistance zone and it broke out of an ascending trend line. Price is currently making a daily bearish flag pattern and I expect bearish move to the support zone. We will be waiting for a breakout of the daily correction and will look for a sell setup on a lower timeframe (H1).

JanKoristka

On the H4 timeframe we can see resistance rejection so I expect bearish move to 1.69880 support level. We could expect pennant break as well.