$GBPUSD : This pattern is getting so tightly squeezed, a breakout is imminent
Monday, January 28, 2013
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My money is on a breakout to the downside , Looks as though we are pretty close to the lower ascending TL which according to my chart is @ 1.5620 .
My opinion is that we would need a weekly close below ascending TL (@1.5620) for further targets around 1.52 level next week (s) .
See the Chart below
My money is on a breakout to the downside , Looks as though we are pretty close to the lower ascending TL which according to my chart is @ 1.5620 .
My opinion is that we would need a weekly close below ascending TL (@1.5620) for further targets around 1.52 level next week (s) .
See the Chart below
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