Bearish flag waiting for breakout

British Pound/U.S. DollarFXCM

Description

⋅ May 31, 2020 1:37 PM

Seem like there is a rejection on 1.24 with huge volume causing it to form a flag after bearish trend. However there’s a big strong support at 1.2. Current major resistance is 1.25 makes this pairing likely to range among 1.2 to 1.25.