{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbp-sgd-falling-wedge-breakout\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbp-sgd-falling-wedge-breakout\/","headline":"GBP\/SGD Falling Wedge Breakout!","name":"GBP\/SGD Falling Wedge Breakout!","description":"GBP\/SGD is trapped within a reversal pattern in the short term. The corrective phase could end if the pair escapes from the chart pattern. GBP is strongly bullish in the short term and it could take full control. The pair was into a corrective phase, but it has failed to confirm a broader drop. Technical […]","datePublished":"2021-04-28","dateModified":"2021-04-28","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/gbpsgd.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/gbpsgd.png","height":898,"width":1828},"url":"https:\/\/forexschoolonline.com\/gbp-sgd-falling-wedge-breakout\/","about":["FX Technical Analysis","GBP\/SGD","Trade Idea","Trade Setups"],"wordCount":162,"keywords":["GBP","GBP\/SGD","GBPSGD","sgd","Technical Analysis"],"articleBody":"GBP\/SGD is trapped within a reversal pattern in the short term. The corrective phase could end if the pair escapes from the chart pattern.GBP is strongly bullish in the short term and it could take full control. The pair was into a corrective phase, but it has failed to confirm a broader drop.Technical Analysis!The pair has decreased a little in the short term after failing to stabilize above the downtrend line, Falling Wedge\u2019s resistance. It has come back down to test and retest the support area and now it looks ready to jump higher.Its failure to approach and reach the weekly S1 (1.8320) could send the rate above the weekly pivot (1.8468). A valid upside breakout from the current pattern signals a strong swing higher ahead. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}