GBP/USD - ASCENDING WEDGE | LOSING MOMENTUM / REVERSAL PENDING

Short

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

trendanalysis chartpattern indicator forex fx currencies gbpusd eurusd usddjpy usdcad usd dollar

GBP/USD has been losing steam and momentum after breaking through to multi year highs over the past few months
Price has caught itself up in an ascending wedge which may break in due time
Mid & long term price action expected to be bearish however price may still consolidate on the daily timeframe over the week or fortnight
2 Immediate targets have been set based on historic support and key volume zones

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