GBPUSD: Falling Wedge Pattern | Double Confirmation
From the previous analysis, the price completed a reversal "falling wedge pattern".
Now we can see that the price broke out of the pattern and this is actually increasing our chances for bullish momentum.
On the other hand, the price tested the bottom of the pattern yesterday during FOMC and now it is moving higher.
So also the news didn't affect our trading setup.
So stay BULLISH
Targets:
1.3367
1.3500
Thank you and Good Luck!
Previous analysis:
Now we can see that the price broke out of the pattern and this is actually increasing our chances for bullish momentum.
On the other hand, the price tested the bottom of the pattern yesterday during FOMC and now it is moving higher.
So also the news didn't affect our trading setup.
So stay BULLISH
Targets:
1.3367
1.3500
Thank you and Good Luck!
Previous analysis:
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