The fundamentals have shown before how the interest rates affected GBP when it rose quickly from 0.5% to 0.25% (04/08/16). Whereas the recent patterns may have given an advantage that that there may be a potential cypher pattern
with the help of fib retracements. The cypher pattern
is showing a bearish
down trend that may occur in the future, however, in the pairs current stage the trend may rise from point C to D and after the trend will drop down to support levels.
Current point: 1.2918
Opening point: 1.2918
Exit Point: 1.2893
Profit target: 1.13015