JonathanOtero7f
Long

EUR/GBP Ascending Triangle

FX:EURGBP   Euro Fx/British Pound
140 0 0
The pair has being very consistent with the ascending triangle pattern having hit the lower ascending trend at 5 points and the upper trend ( resistance level as well). Once the triangle has being broken through, the expectation is for the pair to reach the 0.87500 or 2.05% gained from its resistance level . I have also added the ROC momentum indicator which follows the same pattern. I'm expecting a pull back to its support trend line before a breakout occurs where the target could be tested. Price also remains above both 50 and 20 moving averages maintaining a bullish signal.
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