FX_IDC:GBPUSD   British Pound / U.S. Dollar
124 0
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

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