- GBP/USD Month time frame shown from the Lows made in 1993.
- Price touched the support line in 1993, 2001, 2009 and Now in 2016.
- Breaking this support line can lead to long term weakness for the pair.
- Pattern also looks like a Multi-Year Head and shoulders pattern. If the Support line holds these scenarios does not come into play.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 24, 2016
GBPUSD Multi Year support line
Subscribe to:
Posts (Atom)