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forexqueenpk

Cable Under Pressure In Symmetrical Triangle...

Short
British Pound / U.S. Dollar (FX_IDC:GBPUSD)  
forexqueenpk  
FX_IDC:GBPUSD   British Pound / U.S. Dollar
GBPUSD cable dollar Currencies Technical Analysis Symmetrical Triangle
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gbpusd cable dollar currencies technicalanalysis symmetricaltriangle
Since Cable failed to break on the higher side, #gbpusd is trading in a range between 1.2350-1.2680. in between this range cable and now formed a symmetrical triangle and it seems that pressure towards downside is increased. A break below support @ 1.2380-90 area can add further pressure to take the $GBPUSD down towards 1.2250. while the resistance remains strong at 1.2500-20 area.
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