With the gap down, the Cable is looking to continue its slide downwards with the break of a triangle formed in the hourly charts. Look to sell the break for a target of 1.32, followed by the round figure target of 1.30.
Kommentera:
GBP has begin its move downwards breaking the triangle, watch the close of the hourly candle below the triangle base. This is a good sign for anyone with a short position now.