GBPUSD bulls are starting to have their way with the market. The pair is surging above the 1.3480 key level after closing Wednesday’s session above it. I’ve discussed the GBPUSD bullish scenario for weeks. It started on November 20th when I first mentioned the multi-year falling wedge pattern. Just a few days ago, I said that the charts say bears are wrong. It was a bold call, but one that’s playing out nicely so far. Even the price action over the last couple of years looks bullish. I pointed this out in the December 5th weekly forecast, but it’s worth illustrating again. Notice the 2,000 pip inverse head and ... (full story)