GBP/USD Price Stays inside rising wedge on 4H ahead of UK jobs report

GBP/USD picks up bids to near 1.3675, up 0.05% intraday, during the latest bounce amid Tuesday’s Asian trading. In doing so, the cable takes a U-turn from the support line of a one-week-old symmetrical triangle. Although normal RSI conditions and sustained trading beyond 200-bar SMA keep GBP/USD buyers hopeful, the pair’s three-week-old rising wedge pattern probe the bulls. Even so, the latest corrective pullback eyes the upper line of the stated triangle, at 1.3715 now, before directing GBP/USD bulls to the monthly high near 1.3750. Also acting as the upside filter is the upper line of the bearish chart pattern … (full story)

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