Holding above the wedge, expect it to cahllenge 1.5825

FX:GBPUSD   British Pound / U.S. Dollar
Hello traders,
This is an update to the long call on the pair. The pair has been holding itself above the wedge and resisting further suppression. Expect the pair to break out of the current range and challenge the resistance and previous high at 1.5825. If you have entered long at the break out and placed the stops as shown, you could move your stops higher around the critical support area at 1.5600.
We will watch for further action on this pair.
Thats it for now!
Happy trading and happy pippin!

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.