Forex Signal For GBP/USD: GBP Gain Restrained by BoC Governor Hawkish Bailey's Statements.
Forex Signal For GBP/USD: GBP Gain Restrained by BoC Governor Hawkish Bailey's Statements.
The pair will likely continue to rise as long as buyers target the key resistance at 1,2160, the 12th May low.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,2160.
- Add a stop-loss at 1,1935.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: GBP Gain Restrained by BoC Governor Hawkish Bailey's Statements.
Bear Market Outlook
- Take a sell stop at 1,1970 and a profit at 1,1900.
- Add a stop-loss at 1,2050.
The GBP/USD currency pair remained relatively stable after BoE chief Andrew Bailey reiterated that the committee would consider a 0,50% rate hike, amid positive employment data from the UK.
It is trading at 1,2050, which is about 2,15% above this month's low.
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