Price came very close but if we can actually reach 1.4094 then we have a which completes at the 88.6% level.
This pattern completes in an zone of support.
Furthermore, this pattern serves as a continuation of the recent uptrend.
Target 1: 1.4354
Target 2: 1.4510
Note that that we have CPI ( ) figures coming out in the UK. We have a forecast of 0.4%. Typically if the actual figure is greater than the forecast we could see an appreciation in GBP. Since it may lead to the Bank of England raising interest rates.
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