Aurum Markets Blog Technical Analysis Confirmed breakout on GBPUSD 4 hour chart

Confirmed breakout on GBPUSD 4 hour chart

Confirmed breakout on GBPUSD 4 hour chart post thumbnail image

GBPUSD has breached the support line at 1.3516. It may continue the bearish trend towards 1.3376, or, it may prove to be yet another test of this level.

Supported by Downward sloping Moving Average

Target: 1.3376 Entry: 1.3426 Stop: 1.3572

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