Hello traders,
If you check most of the GBP pairs, you will notice something similar. It either broke a major trend line or about to break.
Here is what i see.
GBP-NZD broken the trend line to the upside.
GBP-USD is about to break the triangle.(It may retrace a little before breaking)
EUR-GBP broken the trend line to the downside.I believe top was already in place with 8100 level.
GBP-JPY broken one trend line and touched another one with a bullish move.(may retrace since it's over bought)
And now GBPAUD is about to break the daily trend line. (All these suggests pound will be bullish).
I will look for long trade if it;s indeed break the daily trend line.
Good Luck!
If you check most of the GBP pairs, you will notice something similar. It either broke a major trend line or about to break.
Here is what i see.
GBP-NZD broken the trend line to the upside.
GBP-USD is about to break the triangle.(It may retrace a little before breaking)
EUR-GBP broken the trend line to the downside.I believe top was already in place with 8100 level.
GBP-JPY broken one trend line and touched another one with a bullish move.(may retrace since it's over bought)
And now GBPAUD is about to break the daily trend line. (All these suggests pound will be bullish).
I will look for long trade if it;s indeed break the daily trend line.
Good Luck!