GBP/USD: The pound left the triangle

GBP/USD: The pound left the triangle


SELL 1.266 SL 1.2715 TP1 1.256 TP2 1.246 TP3 1.22

On the daily chart of GBP/USD, bears managed to move the pair outside the triangle. The pair needs to stick below 1.27 and fall to the August minimum to continue going down. If the August minimum is successfully updated,  the AB=CD pattern with the 161.8% target will be activated. It will comply with the 1.22 level.


On H1, bears are planning to implement the AB=CD pattern. They keep the situation under control until the pair returns to the resistance at 1.2925. 




EUR/CHF: the final target

Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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