GBP/USD: Right-Angled Triangle

by Kernel on June 15, 2012

GBP/USD is tracing out a right-angled triangle. There was a temporary break to the downside this morning but no follow-through. We are now back in the ‘range’ and a break out higher or lower is still possible, although a break higher is more likely given the right-angled shape. A rise GBP/USD: Right Angled Triangle

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