GBPUSD is forming higher lows and lower highs and therefore squeezing up in a triangle.
We will wait for a breakout of the triangle before taking a trade. It looks likely to break to the downside.
If it does break to the downside then this will be a breakout of a bearish flag and very likely downward continuation.
We will wait for a breakout of the triangle before taking a trade. It looks likely to break to the downside.
If it does break to the downside then this will be a breakout of a bearish flag and very likely downward continuation.