GBPUSD TECHNICAL ANALYSIS ON H1 TIMEFRAME:
Publish Date : 2019/09/19 - 05:09

GBPUSD TECHNICAL ANALYSIS ON H1 TIMEFRAME:


Ascending wedge completion:

The prices are below pivotal resistence at 1.2570 right now.

Bearish bias: if the prices break below 1.2445(lower limit of the ascending wedge),the prices may fall down to next mid-term support at 1.2290.

On the other hand,if the prices close above 1.2585,the above scenario will be revoked and the prices may rise up to next resistence.that is,1.2680 area.

Source: forex.com

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