GBPUSD Short Under 1.8300

Looking at the 1 hour charts on GBPUSD we can see the an almost exact replica of yesterday’s pattern, although with a smaller range as the bigger wedge pattern is getting to an end. With the bearish bias intact we can expect that a break of the support trendline under 1.8300 will trigger some additional shorts and create an opportunity to take a small profit. First target is yesterday’s low around the 1.8250 area. Looking at the 1 hour charts on GBPUSD we can see the an almost exact replica of yesterday’s pattern, although with a smaller range as the bigger wedge pattern is getting to an end. With the bearish bias intact we can expect that a break of the support trendline under 1.8300 will trigger some additional shorts and create an opportunity to take a small profit. First target is yesterday’s low around the 1.8250 area.

[NP][/NP]