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GBPUSD: Oversold Market & Potential Pullback 🇬🇧đŸ‡ș🇾

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Brittiska pund/Amerikanska dollar (OANDA:GBPUSD)  
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OANDA:GBPUSD   Brittiska pund/Amerikanska dollar
Multiple Time Frame Analysis Trend Lines Wedge GBPUSD pound dollar DJ FXCM Index USD GBP priceaction trading priceactionanalysis
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mtfa trendline wedgepattern gbpusd pound dollar usdollar usd gbp priceaction trading priceactionanalysis
snapshot

GBPUSD looks quite oversold.
The pair is under a strong bearish pressure for many days.

The market is currently testing a solid key daily support.

Analysing the intraday perspective, I spotted a falling wedge pattern on an hourly t.f.
Bullish breakout of the resistance of the wedge will be a strong bullish confirmation.

A pullback will be anticipated then to 1.2225 / 1.225 levels.

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