CABLE's NEXT SLIDE
AS #GBPUSD is struck in a triangle formation on 4 hour charts It looks like that now is ready to continue its slide further. A break above 1.2520 is needed to negate the bearish outlook while a break below 1.2430 will add further pressure on the downside.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.