There was quite a lot of choppiness in this pair at times yesterday and yet it still never managed to break out of the ascending triangle it entered a week ago. At one point there was plenty of pressure on the bottom of the triangle but a significant break never came, which I believe was a bullish signal. This was also the third test of the bottom of the triangle which confirmed it as a legitimate level of support. The pair is now almost trading two thirds of the way into the triangle, which tends to be the point at which we see a breakout. With it being an ascending triangle, this tends to be a break higher, which ... (full story)