ShaneHuynh

GBPUSD Broadening Descending Wedge

Long
FX:GBPUSD   British Pound / U.S. Dollar
After a impulsive swing up, GBPUSD went into a consolidating period and formed a broadening descending wedge. Price seems to have a partial decline, which signals a upward breakout. Wait for price rises and closes above the breakout point to confirm an upward breakout. With recent development in Brexit case, there should be enough momentum for price to continue the uptrend.

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