Recently, the GBP/USD
pair has been trading upwrads. The price tested the level of 1.3027. I found that price respected a downward diagonal of the expanding wedge
. My advice is to watch for potential buying opportunities. I have placed Fibonacci expansion
to find a potential upward target. I got Fibonacci expansion
100% at the price of 1.3095. Anyway, the first upward target is set at the price of 1.3047 (yesterday's high).