GBP/USD Broke Out of Triangle Chart Pattern

Last night we had posted an article on this pair. We had highlighted a possible Triangle chart pattern in the making.

Today, price had broken above the Triangle trend line at 1.2940. Our target remains the same at 1.3015. Stop should be placed at 1.2910. Later if price goes higher, you may want to bring stop higher.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.