GBP/USD – Week 32 – Expecting a bullish move.
The Bank of England has kept monetary policy unchanged as expected but a less hawkish tone than expected has left the Pound lacking a meaningful bounce.
Last week, as we pointed out in our previous analysis the pair continued the bearish correction from the resistance level.
In the coming week, we expect a bullish move to start from the support area that we highlighted on the chart. Our first target will be a break of the resistance level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Last week, as we pointed out in our previous analysis the pair continued the bearish correction from the resistance level.
In the coming week, we expect a bullish move to start from the support area that we highlighted on the chart. Our first target will be a break of the resistance level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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