Seems that GBPUSD are in the thick downtrend.
Since 2009, this pair has engaged itself in ascending triangle within this downtrend, and worst of all, the price had a false break out on the upside only to be rejected by the channel top resistance.
Depend how quickly it falls, i reckon it might be 1.55000 in futures if the current triangle holds.
Since 2009, this pair has engaged itself in ascending triangle within this downtrend, and worst of all, the price had a false break out on the upside only to be rejected by the channel top resistance.
Depend how quickly it falls, i reckon it might be 1.55000 in futures if the current triangle holds.