Looking for continuation of first impulse

FX:GBPUSD   British Pound / U.S. Dollar
All key areas are based on 1day TF.

We have seen price reject our resistance at 1.34365 and impulse down to our next key level at 1.32720.
We can also see that price has started to consolidate and form a flag pattern .
A break out of this flag to the lower side is what I am gong to be looking for and if this does happen we should see price copy the previous impulse and hit the next resistance at 1.31011.


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