beamer

GBPUSD Rising Wedge

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBP has been on a bull run against USD since last week after the CPI announcement. It's struggling to get pass 1.571ish resistance level and may seek the support around 1.556xx. Any short above 1.571 is safe as per the technical analysis.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.