GBP/USD Bullish Flag Suggests Further Upside

The GBP/USD has washed off Brexit talks and is showing upward momentum on intraday time frames. After better than expected Claimant Count Change figures (change in the number of people claiming unemployment-related benefits during the previous month), the pair is now showing buyers off 1.4345-60 within a bull flag. If we add the distance of the flag pole to the possible breakout point, we can see that the pair might be targeting 1.4477, and only H4 close or H1 momentum above 1.4477 will target 1.4541.

Current momentum is strong and we might see a bullish continuation, as flag is suggesting.

GBP/USD Chart

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