Currency Pair:Gbp/Usd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1.6020
Trend: very strong downtrend
Possible trading range: 1.58-1.63
Signals: if price manages to break the downtrend line belonging to that massive falling wedge( daily chart), then we must expect to see higher rates in pound/dollar as high as 1.63
Fundamentals: any rise in interest rates from BOE is quite far away at this moment as long as Europe struggles with disinflationary risk + a more hawki…
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