Wednesday, May 20, 2026
GBPUSD - Wedge Breakout & UK CPI (20.05.2026)
GBP/USD is showing a bearish wedge breakout after price rejected from the upper resistance zone and broke below the rising wedge support line. The pair is now trading under the breakout area, suggesting short-term momentum has shifted toward sellers. As long as price remains below the highlighted resistance zone, downside continuation toward the marked support levels remains favored.
GBPUSD
🔴1st Support : 1.33286
🔴2nd Support : 1.32933
🟢Resistance Zone : 1.34232 – 1.34385
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