GBPUSD testing the top of the descending wedge.
If you are a “Cable” GBPUSD bear, you have to take note. We have a descending wedge and the pair has not been able to break back below the 200dma. We are at the top of the wedge now, and a break of the 78% retracement at the 1.2970 level would put the 1.3180 level back in play. descending wedge patterns a reversal patterns by nature, and this is why we have to take note. Especially ahead of tomorrow’s NFP jobs (employment) report.
