GBP/USD analysis for September 14, 2018

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Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.31737. According to the H4 time – frame, I found that price rejected from the projected resistance line at 1.3130, which is a sign that buying looks risky. I also found a rising wedge pattern in creation near the resistance line, which is another sign of weakness. Watch for selling opportunities. The downward target is set at the price of 1.2900.

The material has been provided by InstaForex Company – www.instaforex.com

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