💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
Bank of England before a key interest rate decision - what to expect?
The Bank of England’s Monetary Policy Committee is set to make an important decision regarding interest rates this Thursday. Most market observers expect the institution to keep current rates unchanged.
What do interest rate analysts predict?
Patrick Munnelly from the Tickmill group believes that the committee’s vote will most likely result in maintaining the current conditions. His forecast indicates that seven members are in favor of keeping the rate at 3.75%, while two others may vote for a 25 basis point reduction.
Market data confirms the consensus
Information from LSEG suggests a strong certainty regarding the decision’s direction—97% probability that the Bank of England will leave rates unchanged this week. This high percentage reflects a strong consensus among financial market participants.