This trade steup on GBP/USD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 1.2525.
ARTÍCULOS RELACIONADOS
GBPUSD formed a Falling Wedge on the 4 hour chart. Retest of support in sight.
Emerging Falling Wedge detected on GBPUSD – the pattern is an emerging one and has not yet broken…
If you’re long USDCHF you should be aware that 0.7950 has just been breached – a level tested 3 time in the past
USDCHF has broken through a support line. Because we have seen it retrace from this price in the…
Extreme movement experienced on GBPCHF. Check this chart to see what to do next
GBPCHF has moved lower by 2.81% from 1.11259 to 1.081325 in the last 35 days.