GBP/USD is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of GBP/USD to test 1.2385 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
GBP/USD is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.
