GBPUSD: Possible Decline?

GBPUSD, Daily

In the Daily timeframe, GBPUSD formed a rising wedge pattern, and the price fell to the lower trendline. RSI formed a divergence, and DeMarker came out of the overbought zone.

• If the bears push the price below the trend line and support at 1.3270, it will start falling to 1.3040;

• A rebound from the trendline will bring GBPUSD back to 1.3430;