Breakout potential through trend line resistance. 20 DMA support holding up.
Possible flag breakout. Price left lower bollinger to find nice support on the 50 dma. Looking for a breakout to resistance 6.50. Stop at 5.37
Possible flag breakout. Price left lower bollinger to find nice support on the 50 dma. Looking for a breakout to resistance 6.50. Stop at 5.37
If it wasn't earnings today I would be longing this up right here!
Looking for a inverted head and shoulders to complete a setup, just need the right shoulder. Once neckline resistance is broken expecting a run to long term trend line resistance, failing then returning to neckline support.
GBPUSD on the daily looks to be setting up a inverted head and shoulders pattern. Neckline is supported from the 38% retracement from the move down from JULY 2014. If neckline is broken target 50% fib @ 1.5847.
A break of the neckline with volume will allow bearish run targeting 74.