ThaboZA

Possible +80 Pip GBPUSD Range Breakout!

FX:GBPUSD   英镑/美元
GBPUSD             has been in a +80 pips range for the past 4 days or so, and is likely to breakout of this range anytime soon. The MACD and the RSI are favoring a bullish breakout since they are both showing clear signs of positive divergence. On a much bigger scale, GBPUSD             formed a falling wedge from the July highs at 1.34768. A bullish breakout of the range will result in a bullish breakout of the falling wedge (likely to happen) but if we have a bearish breakout of the range - the falling wedge's diagonal support could be this pair's next support level .

Bullish breakout means the possibility of more more pips to bag.

What do YOU think?
ANYTHING CAN HAPPEN!
评论: Forgot to mention FOMC! Anything can happen!
交易结束:到达目标: :) Ca$hed in
if FOMC wont cut any rates I see this channeling
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ThaboZA hatzitesla
Totally agree with you! Let's wait and see what the FOMC decides, and good luck!
回复
ThaboZA hatzitesla
Totally agree with you! Let's wait and see what the FOMC decides, and good luck!
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