andrewunknown

GBP/USD Closing on Bearish Butterfly PRZ near 1.54

FX:GBPUSD   British Pound/U.S. Dollar
166 0 0
After breaking higher from a rising wedge developing throughout the balance of July (presumably catalyzed by the Carney-led BoE's new-found and unanimously declared hawkishness), Cable is move into the Potential Reversal Zone (PRZ) near 1.54 of a bearish harmonic Butterfly that has developed over the same duration.
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