The steeper the wedge the more it plunge, GBPUSD looks like it wants to test the resistance line it has fallen from and then plunge more.
Another short pending at 1.56 for me to take this one down! See 4h timeframe to understand.
Expectation:
Final target could be 1.50 before coming up again, there it might find channel support.
Another short pending at 1.56 for me to take this one down! See 4h timeframe to understand.
Expectation: