proacttraders's Commentaries
Aug
30
2010
$GBPUSD wedge
by proacttraders
Overall Rating:
We have consolidated inside a wedge which is bearish for the cross. The cross has tested the top 3 times but has not broken out so would expect a run back to the bottom of the wedge. Should it break out south look for 1.5463 and 1.5421 as the downside targets. A breakout north should produce a move to the 1.5659. It is Monday and markets are looking for direction.
Tags: gbpusd | currency-market-updates | currencies
