GBPUSD Long - Descending Wedge

FX:GBPUSD   British Pound / U.S. Dollar
Since approximately 24th February, GBPUSD has been mirroring AUDUSD in a descending wedge . AUDUSD has recently broken the resistance of this wedge and with a retest, could show strong signs of a bullish move... could GBPUSD be doing the same? If the 1.386 level (see red circle) holds, where short-term support may exist, expect a move higher and break of the wedge . If this short-term TL does not hold, expect a further move to the downside as happened on two previous occasions (5th & 27th February).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out