GBP/USD: 'Rising Wedge' to end soon

GBP/USD: 'Rising Wedge' to end soon

18-9-2018-GBP-H4.png

There's a 'Double Top' pattern, which has been confirmed. Even so, the market is likely going to test the closest resistance at 1.3172 in the coming hours, so we could have a new local high. If a pullback from this level forms next, there'll be a moment to have a decline towards the nearest support at 1.3081 - 1.3055.

18-9-2018-GBP-H1.png

We've got a developing 'Rising Wedge' pattern, which is about to end. So, we should watch the next resistance at 1.3172 as a possible starting point for a downward correction to 1.3081 - 1.3072.

gbp

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