GBPUSD – Highlights an Ending Wedge
Posted Mixed Daily results for the last 34 days
Due to an Ending Wedge formation, we continue to treat extended losses with caution
Bullish Outside Day posted, a pattern that often indicates the end of a bearish run and the start of a new upward bias
Our medium term bias is bearish below 1.2690 towards 1.3145
The formation has a measured move target of 1.3174