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

 

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss