after a massive buying reaction last week we see that GBPUSD is slowing down. rising wedge formation is a very good indicator of weakening momentum. More the market contracts within the pattern, higher the chances that it will break to the downside.
I am waiting for a bearish breakout of the wedge to short the pair.
Market most likely will set a lower high before the breakout.
Brexit bulls$@!£ will dominate this pair over the next 2 weeks. Be careful of overbought conditions and misleading news around positive deal for UK. Look to sell anywhere between 1.284 - 1.305. TP 1.275 or if youre feeling risky TP around 1.24550. Good luck, let the games begin.