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FXHighway
Mar 18, 2014 3:40 PM

GBPUSD triggers the triple top formation Short

British Pound/U.S. DollarFXCM

Description

The GBPUSD pair is attacking the critical 1.6585 support line, which represents the confirmation line for the triple top that appears on the chart, a four hours close below it will motivate the price to head towards 1.6255 as a main target for the current negative pressure.

Breaching above 1.6585 - 1.6635 will provide a safe factor to invalidate this pattern's effect.
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