Will GBPUSD Breakout soon?
GBPUSD is a popular Forex pair that covers 9.6% trading volume pair. GBPUSD has been moving in the falling wedge and soon seems to give a breakout. RSI is moving in the range of 30-50, showing the consolidation region. By looking at the chart structure, it gives a breakout soon.
Reason:
Verdict:
In Accumilation MODE
Plan of Action:
Wait for the breakout.
Reason:
- Trading at strong support Zone.
- Has been in falling wedge pattern(Bullish) for past 2 months.
Verdict:
In Accumilation MODE
Plan of Action:
Wait for the breakout.
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.