British Pound / U.S. DollarUpdated GBPUSD,PATTERN IN THE VERGE?
With CPI news is close, Should the dollar be weaken? Technical Perspective
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The price has broke the trendline and retesting. Possible for downward moves after NY session opens from $1.27000 after unemployment claim release. Or towards up $1.28500Note
The last update, we have drew Bearish Rising Wedge. Price failed to create higher high & lows and moving sideway until breached $1.2600. Now its retesting to previous zone. We target price to reach $1.2700 where we do have our Fibonacci confluence. Once we got our confirmation, we SHORT.
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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.