GBPUSD- Continuation?

2019-11-18 05:59:13

After 28days of price consolidating inside a triangular shaped bullish flag pattern, the price of GBPUSD has continued to maintain its move and continued to maintain it levels of support.
On the daily time frame, the price chart of GBPUSD has been spotted forming a bullish pennant flag pattern which is called a continuation chart pattern. Th pole of this pennant flag pattern is used as usual to measure how high the price of GBPUSD will likely reach.
The confirmation of the breakout(as shown above) is the close of the body of the candlestick above the descending resistance. Traders should keep an eye on more move to the upside. are the levels are given below:
Breakout buy level: $1.29396
Resistance 1: $1.31375
Resistance 2: $1.33816
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Ideas published should not be referred to as an investment advice and happy new months guy.