GBPUSD: Important Breakout & Pullback 🇬🇧🇺🇸

Long

British Pound / U.S. Dollar (OANDA:GBPUSD)

OANDA:GBPUSD British Pound / U.S. Dollar

Wedge Chart Patterns Trend Lines GBPUSD pound poundsterling fx priceaction

wedgepattern chartpattern trendline gbpusd pound poundsterling fx priceaction

snapshot

GBPUSD looks relatively oversold.

On Friday the price reached a key level and leaves some reversal clues.

We see a confirmed breakout of a falling parallel channel on hourly time frame.

I expect a pullback at least to 1.391

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