No BoE rate hike in 2017, Pound tubles

Note the Rejection at 161.8% Fib ext. level of 1.3274. Now we wait for a breakout bullish/bearish of the rising wedge pattern. Looks as if bearish break is on the cards. That would mark end of the rally from 1.20 handle.

GBPUSD D1 (08-03-2017 1836).png

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