Dukascopy Bank Team
Dukascopy Bank SA
GBP/USD
Yesterday, the GBP/USD exchange rate bounced off the upper line of the rising wedge pattern.
From a theoretical point of view, it is likely that the currency pair could reverse north from the lower pattern line and trade upwards within the following trading session.
Meanwhile, note that the pair is pressured by the 55– and 100-hour SMAs near 1.3690. If the given resistance holds, a breakout south could occur, and the rate could decline to 1.3600.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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