Daily Brief on GBP

12
Feb

 

Technical Analysis Higher Time Frames

On the higher time frames the GBPUSD has now broken the support being offered by the symmetrical triangle. This support has given way following GBP to crash southward.

Yesterday

Price started its decent towards the support from late in the day on the 8th of February. Picking up momentum as it fell, it glided through the Asian session ready for the Bears of London to strike this morning.

The Day Ahead

With the support now busted we are looking for the retest from below 'B' and at this point we are looking for a nice short setup.

 

 

Happy Trading

 

 

 

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