Potential bearish scenario on GBPUSD

17 nov 2018

The price is currently inside a wedge-type pattern. The pattern is showing hints of bears gaining control and I expect the pair to continue it's bullish momentum until it reaches the 1.285-1.29 zone which probably will execute the short SL's which in turn will drag down the price and invite more short-sellers to join. Further analysis will be posted later...