formation of a new pattern of descending triangles gbpjpy short
Updated
formation of a descending triangle on the daily chart formed by a trendline that has been validated four times and support I is validated, it is expected that price does break the pattern of descending triangle to go to the next monthly support, which is in 118.75-116.40.
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the next stop for sterling will be $ 118.75- $ 116.40,for which he should be paying attention to this pair for the next few days.
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you can see the breakdown of a flag and continued the downward trend towards 121. enjoy trade.
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