Bilateral chart pattern spotted in Cable (GBPUSD)
Updated
The momentum is good on the upside so far but I don't wanna provide any signal at this point knowing the fact that this traditional chart pattern which is an ascending triangle pattern falling in the bilateral family tells us that "Be ready I am about to fall or rise soon". The direction is not fixed in such chart pattern and can go either way so but it's a good hint for now as the price is either trying to continue higher or pullback in the coming days. Interest decision is around but I don't think they will drop further lower. do you expect them to make a 0% benchmark rate? No right? If you think so buyers may not have much issues, either way, I don't mean to buy but be alert in a nutshell. A pair to have in the watchlist.
Note
Bulls continues in cable after knowing the weaker buck! Broad picture are favoring for pound so far.
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