GBPUSD: Preparing For Rate Decision Next Week 🇬🇧🇺🇸

٢٨ يناير

https://www.tradingview.com/x/ax46f1Bu/

We are expecting a lot of important fundamental news next week.
Here is your trading plan for GBPUSD.

The market is currently trading within a wide horizontal range on a daily.
Depending on the reaction of the price to its boundaries, I see 2 potential scenarios.

If the price breaks and closes above the resistance of the range,
we can anticipate a bullish movement to 1.294 resistance.

A bearish violation of the support of the range and a daily candle close below that will most likely trigger a bearish movement to 1.254

Wait for a breakout, that will be your strong technical confirmation.

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