Emerging Rising Wedge pattern in its final wave was identified on the GBPUSD 4 hour chart. After a strong bullish run, we find GBPUSD heading towards the upper triangle line with a possible resistance at 1.3010. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
Important resistance line being approached by GBPUSD. This price has been tested numerous time in the last 10 days
