GBP/USD Ready To Break Out

Discussion in 'Technical Analysis' started by Kaitlin, Aug 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Cable is currently trading right at the apex of the symmetrical triangle it has been forming since June 26. The pattern itself implies a bearish breakout due to a strongly negative reaction to the results of the ‘Brexit' vote. The downward bias is also reinforced by the technical indicators.[​IMG]

    Continue reading...

Share This Page

free forex signals