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GBP/USD Attacking Wedge Support with Strong Price Action

posted by Avatar FXTimes 404 days ago in USD, GBP, Technical made popular 404 days ago

The daily GBP/USD chart shows a market in a rising wedge. The latest development has been 1) a failure to reach wedge resistance (suggests a loss of control by bulls). 2) A lower high after failing to break above the 1.5995 pivot which sent the market down to about 1.5605 to start March (first sign bears are taking over), 3) the RSI failing to...
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