Cable update BoE rate cut
So it looks like the trend will continue here from the previous update. With the equality in rates between the fed and the BoE, both long and short are on the table, but an advance to the upper targets, at least for now, seems the most likely.
If it is to do so in an impulse pattern, however, it would need to break above this base channel, which is expected for a wave 3 of an impulse. Around the 1.28 level looks like the next target - perhaps for a 3rd wave termination point - let's see.
If it is to do so in an impulse pattern, however, it would need to break above this base channel, which is expected for a wave 3 of an impulse. Around the 1.28 level looks like the next target - perhaps for a 3rd wave termination point - let's see.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.