debainnoob
Long

GBPUSD Long ABCD Pattern

FX:GBPUSD   British Pound/U.S. Dollar
This ABCD pattern compliments the previous breakout to the upside.
Comment:
GBPUSD breakout pennant/flag structure?
Comment:
GBPUSD pennant abcd

Will we see a breakout to the upside?
Comment: 61.8 retracement invalidated, however this ABCD pattern may still be valid with the c-retracement at 50%, and target being 150% fib.
On the back of a seemingly positive reception to the just released rate decision be the canadians, USD is set to weaken, driving up the GBP.
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