I don't think this will play out like I had drawn up several days ago.
What I see is a Pole, Flag pattern. I think tonight it will move slowly up, possible another 40 pips to 146.00.
Tomorrow 7 am we have GBP news of ....
MPC Official Bank Rate Votes (red)
Monetary Policy Summary (red)
Official Bank Rate (Red)
MPC Asset Purchase Facility Votes (orange)
Asset Purchase Facility (yellow)
I think it will be the Bank Rate that will push the pair bearish, breaking the FLAG, continuing the TRUE Trend.
What I see is a Pole, Flag pattern. I think tonight it will move slowly up, possible another 40 pips to 146.00.
Tomorrow 7 am we have GBP news of ....
MPC Official Bank Rate Votes (red)
Monetary Policy Summary (red)
Official Bank Rate (Red)
MPC Asset Purchase Facility Votes (orange)
Asset Purchase Facility (yellow)
I think it will be the Bank Rate that will push the pair bearish, breaking the FLAG, continuing the TRUE Trend.