The Bearish Flag pattern has been formed on GBPUSD at M5. The lower boundary of the pattern is located at 1.3482/1.3490 while the upper boundary lies at 1.3488/1.3496. The projection of the flagpole is 24 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.3482 is broken, the price will move further downwards.