This pair is in an ascending wedge pattern on the daily charts and may offer a significant break out soon.However,there seems to be still not enough capital in the markets and this may cause the pair to continue consolidating for a while.I will be watching closely for a break out to get in but for now I would remain cautious as the market has still not gathered enough pace for price action to effectively drive it.
Pair made a bearish break with risk aversion kicking in but cannot get passed 1.0084.Most players are still on the sidelines probably waiting for the fed decision later on.Cable has barely moves today and so have most pairs.
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