anedjai
Short

Cable forming a wedge

FX:GBPUSD   British Pound / U.S. Dollar
Cable is trading in a consolidated manner and it is nearing the upper resistance of the wedge which is also the cloud of Ichimoku . The 200 SMA is also at the point which could reinforce the upper wedge line to act as resistance. With further uncertainty in regards to brexit, and wall street expecting 4 potential rate hikes by the Fed, the fundamental factors could further aid this technical short.
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