GBP/USD — breach of a trending resistance line that has been tested at least twice before.

GBP/USD has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 25 days and suggests a possible target level to be around 1.2527 within the next 5 days.

Note: These signals are sourced from Autochartist owned What2Trade. DormicoFX has a special permit to share and promote these signals. It is NOT allowed to use Autochartist material without their consent. To view the original signal and others, please visit THIS link.

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H Schmit - DormicoFX

H Schmit - DormicoFX

Founder and owner of DormicoFX. Welcome to our blog.