GBPUSD (1.3895): The British pound was seen closing higher on the day as price was seen briefly rising to the 1.3902 level of resistance. An upside breakout above this level on the daily basis could potentially shift the bias to the upside. The bearish flag pattern noted previously stands invalidated as price action edged higher. The current retest of 1.3902 comes as the previous breakdown from the triangle pattern put the initial downside target towards 1.3611 – 1.3589 region.
