Hello.
Our scan has brought up some movement on the GBP/uSD. We formed a nice triangle formation and the shorter term trend is down. Look for the pair to come down and test the bottom trend line and then head back up.
Looking at the bigger picture, it’s also good because once the currency pair breaks the last channel, then it’ll potentially help us determine what our wave count is.
We’re watching for a break on the down side lower than 1.3654 and for a break of the high of 1.4227.
Check your announcements, use your stops and apply your money management. Good luck and happy trading.
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