GBP/USD could return to test its lows at $1.0345 in the short term
On the technical side, the outlook for GBP/USD turns bearish again in the short term after the exchange rate broke out from the bottom of the rising wedge it had been trading in for a month.
This is a technical signal for a continuation of the underlying downtrend and paves the way for a fresh short-term leg down that could extend to the all-time low at $1.0385 recently. tested.
This bearish outlook would theoretically be invalidated in the event of a bounce above the recent high at $1.1645.
Admission: Sale between $1.15 and $1.14
Objective: 27,000 points
Risk/reward ratio: 4
Follow the evolution of the GBP/USD price with IG.