GBPMYR - Potential Bear Flag Pattern?

Short

BRITISH POUND / MALAYSIAN RINGGIT (FX_IDC:GBPMYR)

Updated

FX_IDC:GBPMYR BRITISH POUND / MALAYSIAN RINGGIT

GBPMYR Flag

gbpmyr flagpattern

Pound continue to go weak since BREXIT Referendum in June 23rd, 2016
- Flag Pattern identified, indicating a bear is coming.

Comment:

GBP rejected at 5.00 and rally up against MYR due to MYR weaknesses.
Pound is now steadily trade at 5.50 level.

Trade closed: target reached

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