GBPUSD POSSIBLE SCENARIOS

GBPUSD is technically in an UPTREND, with price trading above the MULTI-YEAR resistance since 2015, we've this ascending FLAG that we had August monthly candle close above, we are now having a retest of the upper bond of the ascending FLAG which drenched to the 61.8 Fibonacci of the impulse move that gave us break above the FLAG.

It worth to know we had Friday daily candle close as PINBAR, which could be the UPTREND continuation pattern.

I will be looking out for price action at 1.3200 (the 61.8 Fibonacci of the impulse move that gave us break above the FLAG) or (the lower bond line of the ascending FLAG) 1.3100 zone with rejection for more upside with target at 1.3500.

WHILE, a break below 1.3100 will set price lower.