GBP/USD 1.5000 Breakdown

The GBP/USD has broken lower through the major 1.5000 psychological level as the 15, 30, and 60-minute intraday time frames are showing a mark down cycle. The initial break accelerated through 1.5030.

GBP/USD 1 hour

Summary
Target Level 1.500031
Target Period 1 hour
Stop Level 1.5068

Analysis
Descending Triangle has broken through the support line at 30-Jun 08:45 GMT. Possible bearish price movement forecast for the next 1 hour towards 1.500031

Supporting Indicators
Downward sloping Moving Average

Resistance Levels
(A) 1.5068 Last resistance turning point of Descending Triangle

gbpusd.png

Chart date range 29-Jun 21:30 GMT-> 30-Jun 09:45 GMT
Data Interval 15 Minutes

  • goodking

    It worked and gave me even more pips than forecast.

  • goodking

    It worked and gave me even more pips than forecast.