aslamhammad
Short

GBP/USD Monthly Chart

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
81 1 3
In the monthly chart i think, price formed a elliot wave triangle......Currently trading inside a bear flag structure....2 breaks are possible in this structure.....First one is around 1.4969.......from where price can decline back to previous low 1.4565......With Fed rate hike inbound in December.....That would be the first test.....I think the next target is around 1.3686......That is if we got another rate hike by Fed in March.......December will be interesting month :)
Same end result. Different ways we used to end the cat's life, huh? ;)
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