GBP/USD has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 8 days and suggests a possible target level to be around 1.3128 within the next 16 hours.
GBP/USD has broken through resistance of a Falling Wedge. It has touched this line at least twice in the last 8 days.
