Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
During the last 3-4 weeks, we have been seeing a subdued price action on GBPUSD due to lack of any Brexit related Headlines or meaningful progress.
However, looking at the H4 chart, you can clearly identify three things:
1) A DESCENDING TRIANGLE indicated by the light pink area in the chart.
2) A strong resistance trend line(royal blue line) which has stopped...
