GBPUSD most probable two scenarios are there on the charts.
Wait for the breakout and retest, breakout level of falling wedge is 1.38300 and have long positions for the target of 1.3990 and 1.42478
If it faces pressure you can open short positions for the target 1.3406 and 1.32630 (SL: 1.38400)
Biased: LH and LL trend, short position could be opened with strict SL.
Wait for the breakout and retest, breakout level of falling wedge is 1.38300 and have long positions for the target of 1.3990 and 1.42478
If it faces pressure you can open short positions for the target 1.3406 and 1.32630 (SL: 1.38400)
Biased: LH and LL trend, short position could be opened with strict SL.
Note
All Targets achieved
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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.