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British Pound Technical Analysis: GBP/USD, GBP/JPY

From dailyfx.com

It was less than a month ago that the beleaguered British Pound was limping into yet another rate decision from the Bank of England. A month prior, in early-November, there were even some expectations for a rate hike and GBP/USD was bristling with bullish potential, threatening to pose a topside breach of a bull flag formation that had been brewing for five months prior. But when the bank didn’t hike at the Super Thursday rate decision, GBP fell out of bed and didn’t start to find its footing until a month later, right around another batch of rate decisions between both the BoE and the FOMC. After threatening to ... (full story)

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