Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.31737. According to the H4 time – frame, I found that price rejected from the projected resistance line at 1.3130, which is a sign that buying looks risky. I also found a rising wedge pattern in creation near the resistance line, which is another sign of weakness. Watch for selling opportunities. The downward target is set at the price of 1.2900.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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