Yesterday, the GBP/USD exchange rate bounced off the upper boundary of the rising wedge pattern.
From a theoretical point of view, it is likely that the currency pair could re-test the lower pattern line located in the 1.3400/1.3600 area in the short run. If the given pattern holds, a reversal north could follow.
Meanwhile, note that the exchange rate could gain support from the 100– and 200-hour SMAs. Thus, a breakout north could occur, and the rate could target the 1.3760/1.3800 area.
Written by Admin
The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), on Tuesday, May ...
Yuriko Nakao | Getty Images News | Getty ImagesDogecoin soared early Friday after a tweet ...
The PayPal application can be seen on a mobile phone.Felix Kästle | picture alliance | ...