GBPUSD October 20th

GBPUSD has moved slowly higher along the support trendline on Friday and in early Asian trading hours this week; the triangle is intact and a break outside this pattern could be the signal we’ve been waiting for. Looking carefully at how price action develops around the UK open to avoid a possible false break that can lead us in the wrong direction, that’s why it is better to wait for the first retracement after the break.

GBPUSD has moved slowly higher along the support trendline on Friday and in early Asian trading hours this week; the triangle is intact and a break outside this pattern could be the signal we’ve been waiting for. Looking carefully at how price action develops around the UK open to avoid a possible false break that can lead us in the wrong direction, that’s why it is better to wait for the first retracement after the break.

 

 

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