GBP/USD in broadening pattern ahead of BOE vote count!

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GBP/USD in broadening pattern ahead of BOE vote count!Great Britain Pound vs US DollarTHINKMARKETS:GBPUSDThinkMarketsGBP/USD has pulled back from a double top at 1.3600 to 1.3447, forming a broadening pattern after a 5-wave impulse from 1.3158. Tomorrow's BOE decision, alongside today's FOMC, are the catalysts that decide whether this is a base or the start of a deeper correction. Key topics covered - BOE vote count: The BOE is expected to hold, but the split between hawks, doves, and those voting to cut will determine how markets price the rate outlook. A hawkish skew could support sterling, while a dovish one could prices out the expected pre-December hike. - Broadening pattern: Price has corrected from 1.3600 into a broadening structure, with a false breakdown at 1.3430 holding twice, suggesting a potential base, but the pattern can continue to expand before resolving. - 23.6% Fib cluster at 1.3500: Price is testing this level from below after the false break, with RSI mid-range and room in either direction making the BOE outcome the trigger. Scenarios & trade planBullish — hawkish BOE: If 2-3 MPC members vote for a hike, the false breakdown at 1.3430 could hold and a bullish opportunity might open towards 1.3550 and the 1.3600 double top. A break above 1.3600 could open the door to a double top breakout setup. Bearish — dovish BOE: If no hawks emerge and cuts are on the table, the broadening pattern could extend lower towards the 38.2% Fib at 1.3430, then the 50% Fib at 1.3380 and 61.8% Fib at 1.3330.Is the false breakdown at 1.3430 the base that launches a retest of 1.3600, or does a dovish BOE open the door to a deeper Fibonacci correction? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.