Forex Signal For GBP/USD: GBP Will Hold Stable Ahead of BOE Talk.
Forex Signal For GBP/USD: GBP Will Hold Stable Ahead of BOE Talk.
The pair will likely bounce back as BOE's prudence is already priced in by the market.
Bull Market Outlook
- Buy GBP/USD and take a profit at 1,3350.
- Add a stop-loss at 1,3150.
- Timetable: 2 days.
Forex Signal For GBP/USD: GBP Will Hold Stable Ahead of BOE Talk.
Bear Market Outlook
- Set a sat-stop at 1,3230 and a take profit at 1,3150.
- Add a stop-loss at 1,3300.
The GBP/USD pair has been trading sideways ahead of the Bank of England's (BOE) upcoming interest rate decision and has been trading at 1,3250 where it has been for the past few days.
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