Chart Prepared by Jamie Saettele, CMT
-Consolidation broke to the upside so implications are that a main advance is underway in Cable. The median line break is critical. Recall that “GBP/USD worth motion because the October crash low has shaped a triangle. Triangles can resolve in both course however are sometimes (not all the time) continuation patterns. I’m to see how Cable trades following in the present day’s key reversal on the prime quality. The higher triangle barrier is close to 1.2620 and a transfer by means of there would argue for bullish decision.”
SOURCE: Daily Forex Signals – Read complete story here.