Sat, Oct 23, 2021 @ 17:20 GMT
HomeContributorsTechnical AnalysisGBP/USD Shorts Are Possible Before The BoE

GBP/USD Shorts Are Possible Before The BoE

The GBP/USD is trying to make a push lower. This could be profit-taking before the BOE tomorrow.

As long as the price is kept below 1.3990, we should see a move down. 1.3645 looks bearish. Multiple confluence spots are there supporting the bears. Targets are 1.3894 all the way down to 1.3875. Only if the price breaks 1.3990, bulls will have the advantage. Watch for BOE’s decision.

Elite CurrenSea
Elite CurrenSea Accessible Forex Trading Systems & Education With over 30 years of combined trading experience, we design, test, and provide successful Forex, CFDs & Crypto trading systems and solutions for retail and institutional traders alike.

Featured Analysis

Learn Forex Trading