GBP/USD Breaks Support And Accelerates Bearish Trend

Discussion in 'Technical Analysis' started by Kaitlin, Jan 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD completed a bullish ABC (green) zigzag which pushed through resistance (orange) without breaking it. Price is now making a bearish correction but as long as price stays above the trend line support (green), then an expansion of a wave WXY (blue) seems the most likely.[​IMG]

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