Mihai_Iacob

GbpUsd- Bulls should be careful

Short
FX:GBPUSD   British Pound / U.S. Dollar
As you know, I've been bullish on GbpUsd in the past month or so and called for a rise to the 1.26 zone.
Yesterday the pair was very close to my target, with a high of 1.2560, and started to roll down after.
As we can see from the chart, the rise from the past 3 weeks is contained in a steep rising wedge, which should be a warning for the bulls.
In my opinion, a drop will follow for GbpUsd and the pair could visit the 1.23-1.2330 support zone.
I'm looking to sell rallies against 1.26


🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.