GBPUSD Technical Overview Triangle Breakout
H4 Chart
Below EMA 50
Below 1.30615 Murrey Math 6/8 Pivot Reverse
Trading in Lower Bollinger Band
Triangle has been broken and retested
Technical Direction: Bearish
Targets: 1.30000 1.29400 1.29200
Invalidation Level: H4 Closing Above 1.30650 MM 6/8 Pivot
Fundamentals Today: UK Services PMI will be released. A worse than expected PMI data would trigger the bearish move.
Below EMA 50
Below 1.30615 Murrey Math 6/8 Pivot Reverse
Trading in Lower Bollinger Band
Triangle has been broken and retested
Technical Direction: Bearish
Targets: 1.30000 1.29400 1.29200
Invalidation Level: H4 Closing Above 1.30650 MM 6/8 Pivot
Fundamentals Today: UK Services PMI will be released. A worse than expected PMI data would trigger the bearish move.
Note
TP 1 reached.Services PMI below expectations sent the cable 40 pips down.
Trade closed: target reached
Closed with 100 pips +
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.