gbp/usd:
Let's play inside the triangle before the breakout^^.By the way prefer to stay sell the cable while below 1.6200 and focus toward 1.5630----1.5650 zone as an immediate target,need the price to confirm below 1.5930 to add more selling pressure.you can take profit following the downtrend channel step by step,overall bearish rules below 1.6200.
i think this level 1.5630-1.5650 didnt work well!
ok.we need to establish price below 1.5930 to get around that zone,try you watch the monthly candle or triangle pattern on weekly chart,u may see not only for 1.56..but maybe 1.48----1.50^^.just an imagination,by the way thx to comment:)