GannMarkets

GBP/USD CONGESTION MOVE IN TRIANGLE CONTINUES

Short
FX:GBPUSD   British Pound / U.S. Dollar
The recent triangular structure in parity continues. If the bottom of the triangle which is 1.2978 is broken, the sales pressure will increase and our first target point in the parity will be 1.12785 support. Breaking of the 1.2978 is also very important as it means breaking the upward trend.

If the upper band of the triangle which is 1.3190 is broken, the target point will be 1.3475

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