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KeytoMarkets

GBPUSD: Descending wedge capture our attention

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
KeytoMarkets  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
The cable is facing stiff resistance at 20MA coincides with the upper end of the descending wedge pattern. Immediate resistance seems between 1.3170-1.3200. A well above 1.3200 could elevate the nose further to 1.3260 and 1.3300 levels in the coming days. Supports are at 1.3070 and 1.3000.
The daily studies RSI and oscillator are remaining bullish.
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