Focus: the resistance at 1.6175 remain in focus as a major obstacle and the pair needs to break this resistance to confirm further upward trend. The immediate support is near the 1.5955 zone.
Strategy in Play:
The GBP/USD is trading in a support zone on a 30 minute time frame. The pair has also broken its wedge pattern on the same time frame with a gap towards the downside. If this pattern does play out completely then we could easily see the price near the major support area.Read More