GbpUsd- Bulls should be careful
As you know, I've been bullish on GbpUsd in the past month or so and called for a rise to the 1.26 zone.
Yesterday the pair was very close to my target, with a high of 1.2560, and started to roll down after.
As we can see from the chart, the rise from the past 3 weeks is contained in a steep rising wedge, which should be a warning for the bulls.
In my opinion, a drop will follow for GbpUsd and the pair could visit the 1.23-1.2330 support zone.
I'm looking to sell rallies against 1.26
Yesterday the pair was very close to my target, with a high of 1.2560, and started to roll down after.
As we can see from the chart, the rise from the past 3 weeks is contained in a steep rising wedge, which should be a warning for the bulls.
In my opinion, a drop will follow for GbpUsd and the pair could visit the 1.23-1.2330 support zone.
I'm looking to sell rallies against 1.26
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t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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