GBPUSD: The Rising Wedge is a bearish pattern!
On the currency pair chart British Pound vs. U.S.Dollar we see the pattern of the Rising Wedge. It is a bearish pattern!
So we can assume that the price will fall today. The potential target is the weekly Pivot Point. At the same time, there is another area of increased distribution in this place, and the market is very happy to return to this area as well.
The UCT team wishes you happy trading!
So we can assume that the price will fall today. The potential target is the weekly Pivot Point. At the same time, there is another area of increased distribution in this place, and the market is very happy to return to this area as well.
The UCT team wishes you happy trading!
Comment:
In fact, there has been a decline in the area of increased activity, as shown by the Volume profile.