GBPUSD (1.3483): The British pound also continues with its consolidation with price action briefly slipping below 1.3488 support. Th re-adjusted bullish flag pattern remains in play although price will need to breakout from this bullish pattern to signal continuation. Continued consolidation within 1.3558 – 1.3488 could potentially weaken the bullish chart pattern and increase the risk of a downside breakout. A daily close below 1.3441 could validate this bearish bias as GBPUSD could be seen pushing lower towards 1.3236.
