GBPUSD H4 – Bearish Flag in Play

Wait 5 sec.

GBPUSD H4 – Bearish Flag in PlayGBP/USDOANDA:GBPUSDMasoodAnsariOn the 4H chart of GBP/USD, price action is developing a classic bearish flag continuation pattern within an existing downtrend. A strong impulsive bearish leg with clear momentum expansion and minimal pullbacks, this forms the dominant directional move.The broader market structure remains bearish, and the corrective move lacks impulsive bullish characteristics. This strengthens the probability that the pattern is distributive rather than accumulative. If confirmed, the expected projection is typically derived from the length of the flagpole measured from the breakout point — showing continuation in the direction of the prevailing trend.