GBPUSD (1.3529): GBPUSD is seen posting a lower open today, but price action has quickly recovered to fill Friday’s close. GBPUSD remains in a consolidation phase near the top end of the rally. The bullish flag pattern remains in play as GBPUSD was seen testing the support at 1.3483. Price needs to continue to the upside and preferably clear the resistance formed at 1.3589. A breach of this resistance is essential for the bullish flag to be validated. The current bias in GBPUSD remains to the upside unless we see a failure in the bull flag pattern. Resistance at 1.3677 will be initial target followed by 1.3829.
