FX:GBPUSD   British Pound/U.S. Dollar
177 1 12
Sell Climax
Downtrendline Breakout.
Price rallied and stalled around long term EMA's
From there, we get a retest of the Bottom prior to the Trendline Breakout. This test produced a lower low structure.

We had a nice 2B candlesticks reversal pattern from the 1.380000 zones.
Now, the erstwhile Sell Climax has become a ZONE, RESISTIVE to price.
Once taken down, cable should rally hard.
I see the TL Breakout Rally Limit as first target, followed by the start of this downtrend, tha is if the trend is still fierce.
On the reverse side, should this level continues to remain a ceiling, the price might head back down to the 1.380000zones again. (But this is less likely, imho)
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8weeks MODE here, but the red band above makes longing a bit hard. I'll always get an entry. Will wait to see more PRICE ACTION
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