Blake Morrow’s EDGE Chart of The Day – GBPUSD
Blake Morrow’s EDGE Chart of The Day – GBPUSD
GBPUSD is in a Bearish Setup
Table is set! The GBPUSD is in a rising wedge, with the test (today) of the 61.8% Fibonacci level once again and now ascending wedge support and horizontal support as well. A break of the 1.3530 would put the 1.3440 breakout point (high from Sept 2024) and a possible breakdown back below the 1.3370 level. Bulls should be cautious with this technical setup.
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