GBB/USD price has broken out of its triangle consolidation yesterday. RSI bullish divergence increases the probability for a valid upside move. If break out is valid, price could reach all the way to resistance level 1.32600. The price of GBP/USD has broken out if consolidation range in yesterday’s US trading session. Technically the break out seems to Read More …
Tag: triangle
GBP/USD Technical Analysis – Consolidation Could Soon End
GBB/USD price has been consolidating inside a triangle, inside a long term range A price breakout to the upside could see price reaching the upper range line RSI bullish divergence increases the probability for upside move. The price of GBP/USD has been consolidating in a even narrowing range inside what appears to be a symmetrical triangle. Read More …