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GBPUSD
The range of movement of the British pound against the US dollar is diminishing. You can see the resulting wedge approaching solution. You can see the main trendline will lead in the downtrend, and the lower local line which is tightening the pattern. Until yesterday, I was convinced of a rebound of the currency pair, but with each passing day my confidence is diminishing. I am waiting for the chart to resolve because we are again at the upper end of the local trendline. In the event of a breakout from above, long position in the game, in case of a bearish signal, short position with an attempt to hold on to the breakout of the pattern and a further decline.
