Alex.Singletary

GU-The Next Big Move

Alex.Singletary Updated   
FX:GBPUSD   British Pound / U.S. Dollar
6
Broken outside the wedge and then consolidating outside. Looking like it could drop towards 1.38 and eventually 1.35 if broken.
If price gets inside the wedge again, we will see bulls gain control in the short term. Until the upper portion of the wedge is broken, bias is still in favor of the bears.

Watch to see how it develops in the beginning of week 15.
Trade active:
In SHORT @1.4244
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.