There is a Head and Shoulders pattern forming on the weekly chart in Gbp/Usd
and I believe there is reason to believe that this pattern will be completed:
GB government has announced it will raise rates before the end of the year
as the targets for this year have been met;
traders will be anticipating this move soon, and will be buying Gbp:
this will provide us with support above 1.67, and the forming of the right shoulder, see weekly chart:
Weekly Chart Gbp/Usd
Another sign is found on the dail…
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