Pound/Dollar: V-Shaped Patten Expected on Hourly

The pound fell after the BoE’s minutes were published and then it renewed to 1.5370 after the FOMC’s minutes were out. Before the weekend and for today, I’m going to go for a similar pattern, just with a little less amplitude. Where today closes is important for the weekly graph. If the pound/dollar closes above 1.5370, a false break in the trend will be recorded on the weekly.

Source:: Pound/Dollar: V-Shaped Patten Expected on Hourly

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