Mon, 23 Jun 2014 07:33:08 GMT
GBP/USD 1D Chart: Rising Wedge
Since last year's July GBP/USD has been in a major up-trend. And even though most of the technical indicators suggest the demand is going to continue pushing the price further north, there are signs that we are on the verge of a major reversal. Firstly, the currency pair is facing an important resistance level, represented by the 2009 high at