GBPUSD LONG Downward Wedge False Breakout
Chart Update!!!!
So £$ broke out of the lower end of the downward wedge as seen on the chart but the BEARS failed to follow through, Although not from a lack of TRYING as £$ met DECENT SUPPORT @ the 12750.5 area.
Since Monday we have consolidating and/or ranging between 12750 & 12850
We have some BULLISH DIVERGENCE which we will wait to see if it takes hold
Waiting for BREAK ^ 12860 for a buy signal
So £$ broke out of the lower end of the downward wedge as seen on the chart but the BEARS failed to follow through, Although not from a lack of TRYING as £$ met DECENT SUPPORT @ the 12750.5 area.
Since Monday we have consolidating and/or ranging between 12750 & 12850
We have some BULLISH DIVERGENCE which we will wait to see if it takes hold
Waiting for BREAK ^ 12860 for a buy signal
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