857
I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

GBP/USD: bears are going to reach the "Triangle's" lower side

GBP/USD: bears are going to reach the "Triangle's" lower side

There’s a possible “Triangle” in progress. So, the market is likely going to get a support at 1.4384 – 1.4342. If a pullback from this area happens, there’ll be a chance to see a bullish movement towards a resistance at 1.4462 – 1.4509.

GBP/USD: bears are going to reach the "Triangle's" lower side

As we can see on the one-hour chart, here’s a local flat along the nearest support at 1.4441. This level is likely going to be broken soon, so the next possible goal is a support at 1.4371. If sellers stops here, then a correction towards a resistance at 1.4462 – 1.4510 becomes possible.

Scroll to top