AnalyseForexTechnical analysis of GBP/USD

Technical analysis of GBP/USD

GBP/USD prices have risen during recent trading sessions and have penetrated the upper boundary levels of the ascending wedge on the daily timeframe. If the price remains above these levels at 1.2610 and holds steady, there will be a strong buying opportunity with targets up to 1.2660 as the first objective. However, if the price declines and breaks below these levels, selling would be more likely.

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