jayt88
Short

GBPUSD Triangle Break Down

FX:GBPUSD   British Pound/U.S. Dollar
With the gap down, the Cable is looking to continue its slide downwards with the break of a triangle formed in the hourly charts. Look to sell the break for a target of 1.32, followed by the round figure target of 1.30.

Comment: GBP has begin its move downwards breaking the triangle, watch the close of the hourly candle below the triangle base. This is a good sign for anyone with a short position now.
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