FX:GBPUSD   British Pound/U.S. Dollar
It is difficult currency to predict at the moment. The BoE are meeting on Thursday, where they are expected to lower interest rates; this could see the GBP slump towards 1.25, as per all the economists are forecasting.

Anyways, at the moment you can classify the pair to be in a rectangle and a wedge shape; if the wedge breaks bullish , then the resistance will be 1.301 (the top of the rectangle ), likewise if the wedge breaks bearish support will be at the 1.2891 level.

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