Friday, February 11, 2011

GBPUSD breakout from the traingle but fail to retain bullishness


GBPUSD had break above the triangle with a big bullish candle but fail to retain its bullishness and now drop back to the rising trendline. The GBPUSD support is still at the 1.6000 area.


GBPUSD price is still forming a triangle. The break to the upside may bring the price to double top or even higher. 





By The Backyard Burner

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Fear of failure

Fear of failure