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Forex Signal For GBP/USD: Bullish Flags Ahead of BOE Speech

Forex Signal For GBP/USD: Bullish Flags Ahead of BOE Speech Forex Signal For GBP/USD: Bullish Flags Ahead of BOE Speech Forex Signal For GBP/U

Forex Signal For GBP/USD: Bullish Flags Ahead of BOE Speech
Yazar: Ross Sutton

Yayınlanma: 5 Ağustos 2021 14:30

Güncellenme: 12 Kasım 2024 05:17

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.   gbpusd-05082021

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