We hit support line on the macro time scale, falling wedge idea failed, however strong rejection from 131.8 so we should see a bullish reversal
All details on graph
Triple bottom FED rate cut Strong rejection of 1.11 support SSO turning from oversold Higher lows on RSI
4 hour oversold Ascending channel Bounce off bottom of ascending channel FED rate cut expected Upward sloping 50 MA RSI convergence
All info written on graph Sell on daily Swing trade to to break 1.30 psychological level
GBPUSD has been in a decline for a while now Boris Johnson elected as PM - more confidence in shadow of Brexit dilemma US Fed rate cut expected - Dollar expected to weaken RSI divergence Falling wedge identified
