SEB: GBP/USD forming a bear triangle – eFXnews

FXStreet (Barcelona) - The eFXnews Team notes SEB shares that GBP/USD has formed a bear triangle pattern and that a break lower should be soon.

Key Quotes

“Since the beginning of January the pair has paused at/around the 2010 support line, the lower boundary of a former multiyear triangle. The inability to lift off the support line doesn’t bode well for the pair so a break lower should take place any day now (the consolidation has also taken the shape of a bear triangle).”

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