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GBPUSD Intraday Analysis

GBPUSD (1.3491):The British pound closed with a doji yesterday as price continued to consolidate above the 1.3500 handle. The bullish flag pattern remains in play as GBPUSD is seen currently testing the support level at 1.3483. As long as this support holds, the bias is to the upside although resistance at 1.3590 will need to be breachedin order to set the stage for further gains. In the near term, GBPUSD could be seen consolidating within the resistance and support levels. A breakout from could either validate or invalidate the bullish flag pattern.

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