Analysis Explanation
GBPUSD has fake out the breakup of the rising wedge and rejected further down
while a continued within the rising wedge may be expected a bounce back to 1.328
Has risen strongly since the positive signal from a inverse head and shoulders formation at the break through the resistance at 1.25.
The currency is at the support at points 1.32, which may give a positive reaction.
The currency is overall assessed as technically positive for the medium long term.
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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.