⚡️GBPUSD CMC TRADING ⚡️ RISING WEDGE
GBPUSD has formed a rising wedge pattern, and we are currently observing a bearish breakout occurring along the lower boundary of the pattern. Our analysis suggests that the price is likely to undergo a retracement, approaching the 50% level on the Fibonacci retracement scale, considering the recent bullish trend.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.