Note the rejection at 161.8% Fib ext. level of 1.3274. Now we wait for a breakout bullish/bearish of the rising wedge pattern. Looks as if a bearish break is on the cards. That would mark the end of the rally from 1.20 handle.
No BoE Rate Hike in 2017, Pound Tubles
Note the rejection at 161.8% Fib ext. level of 1.3274. Now we wait for a breakout bullish/bearish of the rising wedge pattern. Looks as if a bearish break is on the cards. That would mark the end of the rally from 1.20 handle.
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