GBPUSD: Descending wedge capture our attention
The cable is facing stiff resistance at 20MA coincides with the upper end of the descending wedge pattern. Immediate resistance seems between 1.3170-1.3200. A well above 1.3200 could elevate the nose further to 1.3260 and 1.3300 levels in the coming days. Supports are at 1.3070 and 1.3000.
The daily studies RSI and oscillator are remaining bullish.
The daily studies RSI and oscillator are remaining bullish.
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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.