GBP/USD - We are breaking support at 156.40, which has protected the downside the last three weeks. The break below this support is the first warning, that we are ready to the next big down-leg to below 134.98 longer term. The price-action since the 134.98 low in late January 2009 has been a large triangle, which has already ended or is very close to end and set the stages for the thrust out of the triangle support near 153.00.
No comments:
Post a Comment