bearish technical pattern on GBPUSD 4 hour

GBPUSD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 17 days and suggests a possible target level to be around 1.2365 within the next 2 days.

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