The price has bottomed within a 1-year range with multiple signs of reversal.
A bullish bat pattern was formed while the price has broken above an immediate falling trendline.
Besides, the current price could also be the beginning of the 2nd shoulder of an inverse head and shoulder.
Aside from the technical aspect, the pound is simply undervalued for a long time and BOE hasn't shown any signs to consider cutting rate.
The pound will always stand a chance to rally as long as 1.25 doesn't break.
A bullish bat pattern was formed while the price has broken above an immediate falling trendline.
Besides, the current price could also be the beginning of the 2nd shoulder of an inverse head and shoulder.
Aside from the technical aspect, the pound is simply undervalued for a long time and BOE hasn't shown any signs to consider cutting rate.
The pound will always stand a chance to rally as long as 1.25 doesn't break.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.