GBPUSD looks quite oversold.
The pair is under a strong bearish pressure for many days.
The market is currently testing a solid key daily support.
Analysing the intraday perspective, I spotted a falling wedge pattern on an hourly t.f.
Bullish breakout of the resistance of the wedge will be a strong bullish confirmation.
A pullback will be anticipated then to 1.2225 / 1.225 levels.
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