Day: June 13, 2010

Symmetrical Triangles Formed on GBP/JPY

The chart pattern of symmetrical triangles has formed on GBP/JPY daily chart. It has an almost perfect symmetry and more than enough spikes both up and down to confirm its two sloping limits. And the current price is quite close to the apex, so the breakout can be expected soon. It’s a continuation pattern that will most likely result in a new bearish wave. The probable target for these symmetrical triangles is […]