Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on GBPUSD?

Should we expect a breakout or a rebound on GBPUSD?

Should we expect a breakout or a rebound on GBPUSD? post thumbnail image

Emerging Triangle detected on GBPUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 1.34709 and it is expected to move to 1.3429.

Supported by Downward sloping Moving Average

Target: 1.3429 Entry: 1.3471 Stop: 1.3511

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