What happened? Gold was just above $1 800, now - back down below?
GBP/JPY: developing 'Flag' pattern
Information is not investment advice
The market is consolidating along the Moving Averages. It seems like we're going to have a 'Flag' pattern. If so, the market is likely going to achieve the nearest resistance at 147.00 - 147.80 in the coming hours. The subsequent pullback from these levels could lead to a decline in the direction of the previously tested support at 144.13 - 143.71.