GBPUSD Triangle Break Down

27 giu 2016

With the gap down, the Cable is looking to continue its slide downwards with the break of a triangle formed in the hourly charts. Look to sell the break for a target of 1.32, followed by the round figure target of 1.30.

27 giu 2016

Nota

GBP has begin its move downwards breaking the triangle, watch the close of the hourly candle below the triangle base. This is a good sign for anyone with a short position now.