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forextidings

Will GBPUSD surge from this corrective wave?

British Pound / U.S. Dollar (FX:GBPUSD)  
forextidings Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdanalysis gbpusdsignal gbpusdidea freeforexsignals freeforextips freecurrencytips gbpusdtrend
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trendanalysis chartpattern indicator gbpusd gbpusdanalysis gbpusdsignal gbpusdidea freeforexsignals freeforextips freecurrencytips gbpusdtrend
GBP/USD has started falling since September. It's taking potential reversal from descending resistance trendline. Currently, this pair is into the descending triangle pattern. That's a consolidation area. Hence, we may see continue the sideways movement here.

Breakdown of descending triangle or hurdle indicating sell confirmation. That means GBPUSD will pushback to 1.2726 & 1.2676 levels.

And upper breakout will hard-hit on the current trend. It will fly till the 1.3020 to 1.3160 target prices.

The day traders can keep buying/selling between the consolidation area but get ready for the above targets after a breakout of the descending triangle pattern.
Trade closed: target reached:
All target of GBP/USD has reached.
Pips 160+
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