Forex Signal For GBP/USD: Possible Drop Expected After BOE Decision.
Forex Signal For GBP/USD: Possible Drop Expected After BOE Decision.
Since the rate hike has already been priced in, a possible pullback in the pair is expected after the decision.
Bull Market Outlook
- Buy the GBP/USD pair and take a profit at 1,3500.
- Add a stop-loss at 1,3650.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Possible Drop Expected After BOE Decision.
Bear Market Outlook
- Set a sat-stop at 1,3550 and a take profit at 1,3500.
- Add a stop-loss at 1,3600.
The GBP/USD pair continued its uptrend as the market readjusted to the upcoming Bank of England (BOE) interest rate decision, hitting a multi-week high of 1,3588, roughly 1,52% above this year's low.
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