British Pound / U.S. DollarUpdated Potential breakdown to 1.25
If price breaks the support at lower edge of the 1st Bullish Triangle (BT1), then we could see price move lower to 1.25 where it should gain support off the monthly long term downwards trend line.
Trade closed: target reached
Price has broken through the support (blue buy/sell zone) located at 1.26500. Price now likely to trade downwards towards 1.25 (in my opinion)
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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.