GBPUSD: Oversold Market & Potential Pullback 🇬🇧🇺🇸

Long

British Pound / U.S. Dollar (OANDA:GBPUSD)

OANDA:GBPUSD British Pound / U.S. Dollar

mtfa trendline wedgepattern gbpusd pound dollar usdollar usd gbp priceaction trading priceactionanalysis

GBPUSD looks quite oversold.
The pair is under a strong bearish pressure for many days.

The market is currently testing a solid key daily support.

Analysing the intraday perspective, I spotted a falling wedge pattern on an hourly t.f.
Bullish breakout of the resistance of the wedge will be a strong bullish confirmation.

A pullback will be anticipated then to 1.2225 / 1.225 levels.

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GBPUSD: Oversold Market & Potential Pullback 🇬🇧🇺🇸

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