Hi everyone

We all red the news from the federal reserve,well considering that many might think we can reach higher for GBPUSD. Well news always have a huge impact, but traders might have more.

In 4 hours chart we have a bull wedge pattern and in case of breaking out of the trend line, the trend might go side way or bearish( more likely). Now we have a lower high which might be a good indication for many traders to take short right here.

Support factors are bull trend line and level of 1.26$, and for resistance we have the prior high and 1.265$(might get a 2 bar reversal here)

Hope this analysis helps you in a way.

I will answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
Chart PatternsGBPGBPUSDgbpusdshortHarmonic PatternspoundpounddollarTrend Analysiswedgebreakout

Feragatname