GBPUSD has rising back up after a significant drop due to the negative GDP data. The chart show that this pair may be forming a flag and pole but still need a confirmation of breakout on the downside. The price is now just above the support level and expected to test it soon. The support is at 1.59 and the resistance is expected at 1.5950.
The GBPUSD show a bullish candle. The candle resistance at upside is 1.60 and support is at 1.575.
By The Backyard Burner
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