Forex Signal For GBP/USD: May Retrace After BOE Decision.
Forex Signal For GBP/USD: May Retrace After BOE Decision.
After the BOE decision, the pair will likely continue its downtrend.
Bear Market Outlook
- Sell GBP/USD and take a profit at 1,3600.
- Add a stop-loss at 1,3750.
- Timetable: 1-2 days.
Forex Signal For GBP/USD: May Retrace After BOE Decision.
Bull Market Outlook
- Set a buy-stop at 1,3700 and a take profit at 1,3750.
- Add a stop-loss at 1,3650.
The GBP/USD price remains unchanged at 1,3667, slightly higher than last Friday's low of 1,3608 as investors react to the Fed's decision and await the next decision from the Bank of England (BOE).
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