GBPUSD in a broken wedge to the upside A limited retracement
GBPUSD Here GBP USD in timeframe one hour with the visualization assistance from Ricksimpson (Zigzag order block retracement tradingview.com/v/jC9sl2t6/) and HeWhoMustBeNamed (Auto TrendLines and Support Resistance tradingview.com/v/Iy5iWTCR/).Thank to them we can see how GBP USD managed to rebound from the 1.341x region to breakout the wedge near the 1.348x.
Following the breakout in principle that price area of 1.348x will be the support of the next upside impulse.
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.