USDGBP Ascending triangle.

FX_IDC:USDGBP   U.S. Dollar / Pound Sterling
We can see an ascending triangle forming here on USDGBP .
This formation means that buyers are out performing sellers.
As you can see the buyers keep pushing there lows higher but sellers cant push there highs lower.
You can see my predictions on the chart with the arrow.
I will be getting in on the retest of resistance turned support/the primary line of the triangle.
Pretty major resistance as 0.79807 but i'm pretty sure price will brake through.
There could be a great opportunity to catch the move after this happens, will probably be sometime next week.
All indicators also point to a break.

Pretty bullish fundamentals out this week for both sides of this pair so it will be the data that comes out next week that is really going to dictate where this one goes.

Stay tuned!


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out