GBPUSD: Bears May Take Price Control

GBPUSD: Bears May Take Price Control

It seems that with the previous week all the important events already finished
and the price could be ready to move.

From the chart, we can see that the price already broke out from a large "Wedge Pattern"
and after any correction or a pause the price may begin moving down again.

So let's see.

Targets on the chart.

Thank you and Good Luck!

Trade closed: target reached:

Comment:

GBPUSD: The market is pushing down with many ups and downs by creating in this way another small descending channel. For the moment it is holding the price down.
Let's see after FOMC what may happen.