GBP/USD is rebounding GBP/USD From 2020 lows as the spot formed a descending wedge.
Levels buyers need to overcome are 1.2995.
GBP / USD daily chart
After the October and December bulls, the currency pair is trading GBP/USD GBP/USD In a rectangle consolidation above the 100/200 day simple moving averages.
The pound is pulling back up after the spot formed a descending wedge pattern. Buyers are trying to break 1.2995 resistance to push the price towards 1.3035 and 1.3089 levels. Support is appearing near the 1.2954 and 1.2914 price levels, according to the Technical Confluences Indicator.