Bears on the GBPUSD market operation are increasing their influence. Meanwhile, GBPUSD price action on the daily time frame is in an expanding wedge (blue). A shooting star was formed last week at the wedge resistance trendline. This was followed by bearish candlestick prints on Thursday and Friday. Any further bearish drive will likely see bears target the wedge support trendline or the horizontal support area around 1.37320 (green).
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
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