GBPUSD within continuation pattern – Analysis - 18-09-2017

The GBPUSD pair's recent trading settled around 1.3600, noticing that the recent trades are confined inside minor bearish channel that forms bullish flag pattern that appears on chart, noticing that the price begins today positively and attempts to breach this pattern's resistance, which forms positive factor that we are waiting to push the price to continue the main bullish trend.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, and the main targets begin at 1.3655 and extend to reach 1.3835, noting that breaking 1.3552 will stop the expected rise and push the price to start bearish correction on the intraday basis.

Expected trading range for today is between 1.3530 support and 1.3700 resistance.

Expected trend for today: Bullish