Hi Folks:
Here's my view on this pair. Previous call was quite accurate and now we have a possible inverted HS pattern in play so if we break the current descending channel we could see a price movement in the opposite direction of what many may think and against fundamentals with a stronger US economy vs British one.
But let's not forget that BoE has already started its fight against inflation raising rates before other countries, so we should monitor the 1.36700 area to decide from there. Currently at EMA 200 at the time of writing on Daily TF.
STAY SAFE. Cheers.
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Here's my view on this pair. Previous call was quite accurate and now we have a possible inverted HS pattern in play so if we break the current descending channel we could see a price movement in the opposite direction of what many may think and against fundamentals with a stronger US economy vs British one.
But let's not forget that BoE has already started its fight against inflation raising rates before other countries, so we should monitor the 1.36700 area to decide from there. Currently at EMA 200 at the time of writing on Daily TF.
STAY SAFE. Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
