GBP/USD has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 14 days and suggests a possible target level to be around 1.1711 within the next 2 days.
Related Posts
EURJPY has broken through a resistance line. It has touched this line numerous times in the last 26 days.
A strong resistance level has been breached at 162.8055 on the 4 hour EURJPY chart. Technical Analysis theory…
Bulls aim for 0.9398 after the EURCHF triggered a bearish formation on the 1 hour chart
EURCHF has broken through a support line. It has touched this line at least twice in the last…
AUDJPY is currently testing a level of 91.4090. Will the breakout continue or will things reverse?
AUDJPY has breached the resistance line at 91.4090. It may continue the bullish trend towards 93.0515, or, it…