GBPUSD: Oversold Market & Potential Pullback ๐ฌ๐ง๐บ๐ธ
https://www.tradingview.com/x/fbA96R5X/
GBPUSD looks quite oversold.
The pair is under a strong bearish pressure for many days.
The market is currently testing a solid key daily support.
Analysing the intraday perspective, I spotted a falling wedge pattern on an hourly t.f.
Bullish breakout of the resistance of the wedge will be a strong bullish confirmation.
A pullback will be anticipated then to 1.2225 / 1.225 levels.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
GBPUSD looks quite oversold.
The pair is under a strong bearish pressure for many days.
The market is currently testing a solid key daily support.
Analysing the intraday perspective, I spotted a falling wedge pattern on an hourly t.f.
Bullish breakout of the resistance of the wedge will be a strong bullish confirmation.
A pullback will be anticipated then to 1.2225 / 1.225 levels.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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