Will GBPUSD Breakout soon?

19 thg 9, 2023

GBPUSD is a popular Forex pair that covers 9.6% trading volume pair. GBPUSD has been moving in the falling wedge and soon seems to give a breakout. RSI is moving in the range of 30-50, showing the consolidation region. By looking at the chart structure, it gives a breakout soon.
Reason:

1. Trading at strong support Zone.
   
2. Has been in falling wedge pattern(Bullish) for past 2 months.
   

Verdict:
In Accumilation MODE

Plan of Action:
Wait for the breakout.