Aurum Markets Blog Technical Analysis A potential bearish movement on GBPUSD

A potential bearish movement on GBPUSD

A potential bearish movement on GBPUSD post thumbnail image

GBPUSD is heading towards the support line of a Triangle and could reach this point within the next 12 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Target: 1.3392 Entry: 1.3413 Stop: 1.3439

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