GBPUSD
just fell below the rising wedge formation. Still holding with the help of strong
EURUSD
but looking extra fragile every day. If it will stay below the lower line of the wedge for a few days and does not make a comeback, bearish pressures might increase. Fibonacci levels can be good targets for short positions. I think the middle point (%50) of the rise is a good target with a 2.6 risk-reward ratio but it can extend depending on the situation at that time.