Cable is set for a fresh direction. Markets await UK jobs and wages data for the next move.
Two potential breakout patterns:
Potential SHS and Bearish breakout of the triangle
Bullish Breakout of the triangle
Bullish Cypher Completed at 147.990.
150.008 is the Fibonacci Retracement 23.6%
Head and Shoulders pattern will be completed at 150.100
Both charts point out 150.100.
Breakout and close above 150.100 will take the price 151.300 and 152.200. Extented target is 153.200