Failed breakout to the upside for the week leaves a bearish bias on the charts.on Wednesday, trimming gains made earlier in the session on the back of the Bank of England Governor Andrew Bailey who said there are still no decisions on the terms of whether interest rates would need to rise again.GBP/USD daily chart
The topping pattern is more evident o the lower time frames with the head and shoulders engulfing the opening balance range for the week so far. There has been a failed breakout at last week's highs which tips the balance in favour of the sorts that came in at D1S, on Tuesday.
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