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kenhungbiz

GBP/USD, break or up?

Pound Inggris / Dollar AS (FX:GBPUSD)  
kenhungbiz Diupdate   
FX:GBPUSD   Pound Inggris / Dollar AS
Support and Resistance Trend Lines GBPUSD GBP
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supportandresistance trendline gbpusd gbp
Very simple and basic chart drawing but that may tell you the most important hint.
Downward trendline developed since 30 Jul and was broken a month after. Now, 8 Sept, it comes back to the line.
Technically it is a buy signal when the price touched the line. In the other words, when the price breaks below the line, a stronger selloff is anticipated.
Komentar:
A false breakout of the downward trendline was just made and the price moved back to somewhere like nothing happened.
Two short-term resistance:
1) 9-EMA on 4-hour chart (currently ~1.3775)
2) the "nobody land" 1.3800-1.3820
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