This is an update to my earlier GBP/USD post today. Taking advantage of the 1.5000 breakdown can be taken now on shorter-term time frames like the 15-minute. This way if the 1.4900 level is stacked with buying support the 15-minute is a short enough time frame that adjustments can be taken quickly. The market cycle is still in a downtrend with resistance also at the 1.4950 major psychological level.
GBP/USD 2 hours
Target Level 1.491239
Target Period 2 hours
Stop Level 1.4965
Triangle has broken through the support line at 30-Jun 19:45 GMT. Possible bearish price movement forecast for the next 2 hours towards 1.491239
Downward sloping Moving Average
(D) 1.5068 Last resistance turning point of Channel Down.
(A) 1.4965 Last resistance turning point of Triangle.
Chart date range 29-Jun 10:30 GMT-> 30-Jun 19:45 GMT
Data Interval 15 Minutes