GBP/USD Tests Weekly S1

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<p>Yesterday, the GBP/USD exchange rate consolidated in the 1.2450 area. During Wednesday morning, the rate dropped to the weekly S1 at 1.2360. Note that the currency pair is trading near the lower boundary of an ascending triangle pattern. Thus, from a theoretical perspective, it is likely that a reversal north could occur in the short […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/292913-gbp-usd-tests-weekly-s1-2/">GBP/USD Tests Weekly S1</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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