GBPUSD Technical Overview Triangle Breakout
H4 Chart
Below EMA 50
Below 1.30615 Murrey Math 6/8 Pivot Reverse
Trading in Lower Bollinger Band
Triangle has been broken and retested
Technical Direction: Bearish
Targets: 1.30000 1.29400 1.29200
Invalidation Level: H4 Closing Above 1.30650 MM 6/8 Pivot
Fundamentals Today: UK Services PMI will be released. A worse than expected PMI data would trigger the bearish move.
Below EMA 50
Below 1.30615 Murrey Math 6/8 Pivot Reverse
Trading in Lower Bollinger Band
Triangle has been broken and retested
Technical Direction: Bearish
Targets: 1.30000 1.29400 1.29200
Invalidation Level: H4 Closing Above 1.30650 MM 6/8 Pivot
Fundamentals Today: UK Services PMI will be released. A worse than expected PMI data would trigger the bearish move.
Trade closed: target reached:
Closed with 100 pips +
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Services PMI below expectations sent the cable 40 pips down.