Sterling: BOE Meeting is the main focus.More pressure on Cable.
Recent two weeks, we see a strong correction of GBPUSD from the year low 1.3835 to 1.4400. The main reason is market sells Dollar for many reasons.
This week, BOE Meeting is a risk event. Very important for Cable.
We saw last week ECB opened the fire with many measures to increase easing, and BOE is under strong pressure to follow ECB to accommodate monetary policy.
I keep bearish view for GBPUSD and see 1.4400 is the final level it can reach.
Look at on the chart, Kumo cloud and EMA50 sharp a ceiling for GBPUSD. A strong resistance here.
I expect GBPUSD fell to 1.4080 this week.
This week, BOE Meeting is a risk event. Very important for Cable.
We saw last week ECB opened the fire with many measures to increase easing, and BOE is under strong pressure to follow ECB to accommodate monetary policy.
I keep bearish view for GBPUSD and see 1.4400 is the final level it can reach.
Look at on the chart, Kumo cloud and EMA50 sharp a ceiling for GBPUSD. A strong resistance here.
I expect GBPUSD fell to 1.4080 this week.
