GBP/USD has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 14 days and suggests a possible target level to be around 1.1697 within the next 3 days.
Chart 4 hour
Pattern Falling Wedge
Length 55 Candles
Identified 08-Sep-2022 12:00 UTC