GBP/USD – Higher bottom in place…need higher tops now!

FX:GBPUSD   British Pound / U.S. Dollar
Daily chart – Bullish break from symmetrical triangle is pretty much a done deal

A rebound from 1.3065 on Thursday has put in place a higher bottom formation and we also have a bullish break from symmetrical triangle formation.

Thus, one may be compelled to think, the doors are open for a sustained rally in the pair.

However, the spot needs to break above 1.3279 (Aug 26 high) as such a move would complete higher tops and higher bottoms formation.

Overall, caution is still advised as long as the spot is below 1.3279.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out