gbpusd-h1-10032012
Price entered a new day over the triangle. That is why, most likely during the day flat movement will remain. But we see that the price has already broken yesterday's low, it suggests that there remains a downtrend movement. If the price enters to the triangle, then we should expect the break of the AB side of the triangle after that bullish movement begins. Target of the bullish movement: 1.59366. Target of the bearish movement: 1.57100.
CHART
Price entered a new day over the triangle. That is why, most likely during the day flat movement will remain. But we see that the price has already broken yesterday's low, it suggests that there remains a downtrend movement. If the price enters to the triangle, then we should expect the break of the AB side of the triangle after that bullish movement begins. Target of the bullish movement: 1.59366. Target of the bearish movement: 1.57100.
CHART