The breakout of GBP/USD through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of GBP/USD to test 1.3078 within the next 18 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
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After testing support twice in the past, GBP/USD has finally broken through. Can we expect a bearish trend to follow?
December 11, 2019 6:14 pm
