GBP/USD Daily Chart
GBP/USD H1 ChartGBP/USD daily had a descending triangle that was broken this week, but rebounded back. The last 2 days of trading has been a fight to see whether buyers or sellers would win. So far there's no clear direction yet.
On the hourly chart, a falling wedge is formed. The market closed at the support of 1.9719 though, and even if it can break up the nice resistance line (purple), we would want to be more cautious of going long, until more criteria is observed.
On the hourly chart, a falling wedge is formed. The market closed at the support of 1.9719 though, and even if it can break up the nice resistance line (purple), we would want to be more cautious of going long, until more criteria is observed.
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