GBPUSD : Symmetrical Triangle

The GBP/USD has formed a symmetrical triangle pattern on a  1 hour time frame.


A. Breakout up could target at resistance 1.5154 , wait for throwback retest of breakout point to confirm the buy signal.

B. Breakout down could target at 1.5028 , 1.4951 (bearish continuation) ,wait for pullback retest of breakout point to confirm the sell signal.





Warning: Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. FX trading can result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.