Fxprotrader

GBPUSD: No More Room for Price Into the Wedge

FX:GBPUSD   Pound British/Dolar U.S
We may need a couple of trading session and there will be no more room for GBPUSD             to move into the wedge it is now moving. The upper parallel of the descending channel acting as resistance and the sliding parallel of the upsloping median line acting as support make price move into a very narrow range and very soon we will have a breakout in one direction. In such case wait for a pullback to the broken trendline and watch for a setup completion joining the upcoming move.

I wish you Merry Xmas!
All the best to you and your families,
John

p.s: Spot your FREE seat in my four weeks training course on median line analysis (January Class). Info in the signature box below..!
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