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linofx1

GBPAUD: Bullish Accumulation & Breakout

Long
British Pound / Australian Dollar (OANDA:GBPAUD)  
linofx1  
OANDA:GBPAUD   British Pound / Australian Dollar
Support and Resistance Trend Lines Chart Patterns
9
4
supportandresistance trendline chartpattern
After a prolonged period of bullish accumulation in an ascending triangle pattern, GBPAUD rebounded last week and broke through its resistance.

This suggests the possibility of further bullish momentum, with the next target at 1.9373.
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