GBPUSD Technical Overview Triangle Breakout

H4 Chart

Below EMA 50

Below 1.30615 Murrey Math 6/8 Pivot Reverse

Trading in Lower Bollinger Band

Triangle has been broken and retested

Technical Direction: Bearish

Targets: 1.30000 1.29400 1.29200

Invalidation Level: H4 Closing Above 1.30650 MM 6/8 Pivot

Fundamentals Today: UK Services PMI will be released. A worse than expected PMI data would trigger the bearish move.

Commentaire:

TP 1 reached.
Services PMI below expectations sent the cable 40 pips down.

Trade fermée: cible de profit atteinte:

Closed with 100 pips +