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GBP/USD Chart Pattern — July 26th 2009

July 26, 2009 (Last updated on August 9, 2009) by

This time I once again show only one Forex chart pattern that I’ve detected during the last trading week. It’s GBP/USD ascending triangle with a small downward slope. This is a bullish continuation figure and I recommend expecting an upward breakout, which can happen in a week or two. Click on the image to get the full-size chart screenshot:

GBP/USD, Daily Timeframe Chart, Ascending Triangle

If you have any questions or comments regarding this GBP/USD chart pattern, please, feel free to reply below.

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