On the currency pair chart British Pound vs. U.S.Dollar we see the pattern of the Rising Wedge. It is a bearish pattern!
So we can assume that the price will fall today. The potential target is the weekly Pivot Point. At the same time, there is another area of increased distribution in this place, and the market is very happy to return to this area as well.
The UCT team wishes you happy trading!
So we can assume that the price will fall today. The potential target is the weekly Pivot Point. At the same time, there is another area of increased distribution in this place, and the market is very happy to return to this area as well.
The UCT team wishes you happy trading!
Note
In fact, there has been a decline in the area of increased activity, as shown by the Volume profile.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.