GBPUSD (1.3441): The British pound continues to remain volatile with yesterday’s price action closing with a doji pattern. We can expect some downside correction in prices as a result. On the 4-hour chart, the continued consolidation within the bullish flag pattern hints at a possible weakening of this continuation pattern. Price action is sill support in the price zone of 1.3488 – 1.3441. However, a close below this level could signal a correction in the British pound. Lower support level at 1.3236 will be most likely tested as a result.
