Rising wedge on GBP/USD

Rising wedge on GBP/USD

On the GBP/USD currency pair (H4 timeframe) a classical figure of technical analysis – Rising Wedge – has formed. We recommend you to pay attention to this situation. At the moment, the price is testing the lower border of the pattern. Indicators point to the strength of buyers.

Purchases should be considered if the price consolidates above the local resistance level of 1.29850. The immediate goal for profit taking is 1.30400. Confirmations and entry points to the market should be looked for on the smaller timeframe.

by JustForex, 2017.05.10

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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