Cabana Capitals Blog Technical Analysis Confirmed breakout on GBPUSD 1 hour chart

Confirmed breakout on GBPUSD 1 hour chart

Confirmed breakout on GBPUSD 1 hour chart post thumbnail image

The last 6 1 hour candles on GBPUSD formed a Channel Up pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 1.2969.

Supported by Downward sloping Moving Average

Target: 1.2969 Entry: 1.3038 Stop: 1.3103

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