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JayanVarsani

GBP/USD - ASCENDING WEDGE | LOSING MOMENTUM / REVERSAL PENDING

Short
Sterlina / Dollaro (FX:GBPUSD)  
JayanVarsani  
FX:GBPUSD   Sterlina / Dollaro
Trend Analysis Chart Patterns Technical Indicators Forex fx Currencies GBPUSD EURUSD usddjpy USDCAD USD dollar
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trendanalysis chartpattern indicator forex fx currencies gbpusd eurusd usddjpy usdcad usd dollar
  • GBP/USD has been losing steam and momentum after breaking through to multi year highs over the past few months
  • Price has caught itself up in an ascending wedge which may break in due time
  • Mid & long term price action expected to be bearish however price may still consolidate on the daily timeframe over the week or fortnight
  • 2 Immediate targets have been set based on historic support and key volume zones
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