GBP/USD: broken "Triangle"

GBP/USD: broken "Triangle"

6-6-2017-GBP-H4.png

Bulls faced resistance at 1.2945, so the pair is likely going to achieve the closest support at 1.2901 in the short term. Meanwhile, if a pullback from this level happens, there'll be an option to have the price higher. In this case, we should keep in mind resistance at 1.2964 - 1.2988 as an intraday target.

6-6-2017-GBP-H1.png

The last "Triangle" pattern has been broken, so we've got a new local high. However, the price couldn't go through resistance at 1.2935 - 1.2952, so bears are likely going to test the 34 Moving Average. If we have a pullback from this line, bulls will probably try to test the next resistance at 1.2964.

gbp

Similar

EUR/USD: bearish 'Harami'

The pair is likely going to test the 34 & 55 Moving Averages in the short term. A pullback from these lines could be a departure point...

eur

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera