Paun British / Dolar A.S.
Singkat

Descending Channel on Cable

117
We are currently in a medium term correction which was confirmed for me from mid september. This downturn coincides with the BoE interest decision today and my bias is that the reflection from the lower trend line will likely coincide with the near term interest rate rises. For this reason I suspect we will see a further two waves of this channel at least taking us into second quarter of next year.

Appreciate your thoughts!

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