Forex Signal For GBP/USD: Bullish Flags Ahead of BOE Speech
Forex Signal For GBP/USD: Bullish Flags Ahead of BOE Speech
The pair is expected to break higher after the latest BOE rate decision.
Bull Market Outlook
- Buy GBD/USD set to take a profit at 1,400.
- Add a stop-loss of 1,3800.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: Bullish Flags Ahead of BOE Speech
Bear market Outlook
- Set a Sell-stop at 1,3860 and take a profit at 1,3800.
- Add a stop-loss at 1,3950 as well.
The
GBP/USD price tumbled ahead of the upcoming Bank of England (BOE) decision and after relatively weak ADP jobs data.
The pair is trading at 1,3885, slightly below the key resistance at 1,3958.
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