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).
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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.