📈GBPUSD experienced a significant surge yesterday and today we are witnessing a retest of a previously broken resistance level in a horizontal range, which has now turned into support following a breakout.
Ahead of the FED Rate Decision today, there is a potential buying opportunity for GBPUSD:
I spotted a falling wedge pattern on the 4-hour time frame.
A bullish breakout above the of the pattern and a 4-hour candle closing above the resistance line of the wedge would provide a strong intraday confirmation for a long position.
This move could push prices up to at least the 1.3395 level.
Ahead of the FED Rate Decision today, there is a potential buying opportunity for GBPUSD:
I spotted a falling wedge pattern on the 4-hour time frame.
A bullish breakout above the of the pattern and a 4-hour candle closing above the resistance line of the wedge would provide a strong intraday confirmation for a long position.
This move could push prices up to at least the 1.3395 level.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.