GBP/USD Forming Bearish Rising Wedge | Breakdown Expected Soon

📈 GBP/USD – 1H Chart Analysis

Price formed a Rising Wedge Pattern, which typically signals a bearish reversal. After a period of consolidation, the pair started trending upwards inside the wedge, but momentum appears to be fading.

🔍 Current Price: 1.35350
📉 Pattern: Rising Wedge (Bearish)

If price breaks below the lower trendline, we could see a drop towards the following support levels:

🟡 Support Zones:

1️⃣ 1.30142 (1st support level)

2️⃣ 1.28735

3️⃣ 1.27081

⚠️ Breakdown confirmation with volume is key. A failed breakout to the upside could also trap buyers before the real move down.

🔔 Stay alert for price action near wedge boundaries!

📌 Not financial advice. For educational purposes only.