GBP/USD: 'Triangle' has been broken

Read the article on FBS website

30-8-2018-GBP-H4.png

The last 'Triangle' has been broken, so the price is rising. It's likely that the market is going to test the next resistance at 1.3090 - 1.3110 soon. A pullback from this area could be a starting point for a correction.

30-8-2018-GBP-H1.png

It's likely to have a local bearish correction towards the nearest support at 1.2999. If a pullback from this level happens little later on, there'll be a moment to have a bullish price movement towards the next resistance at 1.3070 - 1.3090.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.