GBP/USD
The fundamentals have shown before how the interest rates affected GBP when it rose quickly from 0.5% to 0.25% (04/08/16). Whereas the recent patterns may have given an advantage that that there may be a potential cypher pattern with the help of fib retracements. The cypher pattern is showing a bearish down trend that may occur in the future, however, in the pairs current stage the trend may rise from point C to D and after the trend will drop down to support levels.
Current point: 1.2918
Opening point: 1.2918
Exit Point: 1.2893
Profit target: 1.13015
Current point: 1.2918
Opening point: 1.2918
Exit Point: 1.2893
Profit target: 1.13015
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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.