Currently, on the daily chart, Cable seems to be moving up a rally where this has also been confirmed by the triggering of the three Wiseman signals from this major currency pair, even though currently GBP/USD is undergoing a small correction and is stuck in the Daily Bullish Fair Value Gap area (green box), but GBP/USD still has the potential to appreciate upwards to the level of 1.2296 - 1.2300. However, due to the emergence of the Rising Wedge pattern, we need to be careful if there is a downward correction movement, especially if the decline exceeds the 1.1740 level because if the Cable manages to break below the level With that said, the upward rally scenario described earlier will cancel by itself.

(Disclaimer)