GBP/USD Make or Break Level
Make or break level for Cable:
Close below the indicated trend line cross over level is
a bearish signal, if price remains above it or
closes above 1.3120/22 today, then target 1.4000 long term.
And a close below would target 1.2490/1.2500.
Bullish projection arrow drawn from 1.2774 to 1.3657.
Bearish projection arrow drawn from 1.3657 to 1.3027.
Either arrow can also be drawn, or measured, from which trend line price breaks (as this has not yet happened I have drawn price projection from the trend line cross over level
price breaks out.)
Close below the indicated trend line cross over level is
a bearish signal, if price remains above it or
closes above 1.3120/22 today, then target 1.4000 long term.
And a close below would target 1.2490/1.2500.
Bullish projection arrow drawn from 1.2774 to 1.3657.
Bearish projection arrow drawn from 1.3657 to 1.3027.
Either arrow can also be drawn, or measured, from which trend line price breaks (as this has not yet happened I have drawn price projection from the trend line cross over level
price breaks out.)
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