GBPUSD: Important Breakout! What is Next? 🇬🇧🇺🇸

Short

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

OANDA:GBPUSD British Pound / U.S. Dollar

Wedge Parallel Channel Candlestick Analysis GBPUSD pound GBP priceaction priceactionanalysis priceactiontrading priceactionstrategy

wedgepattern parallelchannel candlestick gbpusd pound gbp priceaction priceactionanalysis priceactiontrading priceactionstrategy

snapshot

GBPUSD looks quite overbought:
the price action was steadily contracting within a rising wedge pattern
and the price just recently broke and closed below its support.

It looks like the pair will drop lower.
Targets: 1.133 / 1.122

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