joaquinmonfort Posted August 19, 2013 Report Share Posted August 19, 2013 (edited) The GBP/USD pair's trend has probably changed after last Thursday's strong up-day. This broke above a major down-sloping trend-line giving a strong bullish signal. It is now probable that the bearish breakout from the multi-month triangle has stalled and will reverse. The pair will probably continue higher – eventually even to the 1.6000 level of resistance. A break above 1.5750 would provide a strong technical signal of continuation higher. Although 1.6000 provides an eventual objective the R2 monthly pivot level at 1.5770 gives a nearer target. Edited August 19, 2013 by joaquinmonfort Quote Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted August 19, 2013 Report Share Posted August 19, 2013 When posting, follow the forum rules, one thread only.. Post here only: http://indo-investasi.com/showthread.php/19690-Technical-signals-from-Forex4you?p=287585#post287585 Quote Link to comment Share on other sites More sharing options...
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