![GBPUSD Chart Technical Outlook](https://tradingtwist.com/wp-content/uploads/2023/06/WhatsApp-Image-2023-06-22-at-3.42.17-PM.jpeg)
GBPUSD Chart Technical Outlook trades in a rising wedge pattern, with room for downside if BoE meets the 25 bps expected hike. 1.2700 is today’s support barrier, while 1.2850 is the resistance one. I would expect a bearish price action for GBP if BoE hiked 25 bps.