GBPUSD is a popular Forex pair that covers 9.6% trading volume pair. GBPUSD has been moving in the falling wedge and soon seems to give a breakout. RSI is moving in the range of 30-50, showing the consolidation region. By looking at the chart structure, it gives a breakout soon.
Reason:
Verdict:
In Accumilation MODE
Plan of Action:
Wait for the breakout.
Reason:
- Trading at strong support Zone.
- Has been in falling wedge pattern(Bullish) for past 2 months.
Verdict:
In Accumilation MODE
Plan of Action:
Wait for the breakout.
