The recent correction of the British pound against the US dollar could probably be a good opportunity for me to go long on the GBPUSD. [Read more...]
My Play On GBPUSD
British Pound To Swing Higher
Another breakout alert Forex peeps! But my forex pick is the British pound! If you want to check out my breakout alert on the EURUSD a few days ago, kindly check this. Chart-wise, the Cable or the GBPUSD pair has recently broken out from a cup and handle continuation pattern. A cup and handle pattern, as the name suggests, takes the shape of a cup (a bowl-like price action) with a small handle to its left. The price would most likely head higher especially now that it is able to move past the 1.6000 resistance (where the cup’s rim or the neckline also lies). So judging by the [Read more...]
