How to profit from FX Markets by 
Sterling has formed a triangular pattern on the 15 minute chart that is about to break to the upside.
RSI offers a short term bullish signal, a break could lead cable to the japanese opening reference at 1,6785. A close below 1,6650 would invalidate this bullish setup.
GBP/USD 15 min chart:
César B.Leiceaga
Hi César. It looks the way you point. Let’sseewhat happens tomorrow. Good luck
Hi César: How do you see this pair after BoE CPI report?
1.68 has been rejected again. Do u think if closing below 1.6650 we could reach 1.6550 (50%fibo) and then 1.6485 (61.80%fibo). Tks
César: I hope you fell better today.
Finaly mkt came my way. Now I am holding only short stg/yen position. Think yen should get stronger now.
Hi carlab,
I’m glad it came your way, now it’s time to let your profits run. I think that the ley level on stg/yen is the daily 100 SMA as I posted earlier. Sterling bulls have been constantly rejected from this SMA (exactly 4 times over the past month) and to me it’s a powerful bearish sign for the pair.
I would consider holding that position until 146,00 lows.
Good luck!