GBPUSD will be an interesting chart this week as we have a Bank of England interest rate decision this week along with Bank of England Carney speaking just after.
It's a tricky situation for the Bank of England as they have to look at how Brexit will effect the economy.
Technically we can see that downside is more than likely however we are sitting at a minor level of support. Opportunities for further downside may come if we see the market
pullback and re-test the previous lows and 61.8 Fibonacci retracement. Any bearish price action here we could look for continued opportunities short.
It's a tricky situation for the Bank of England as they have to look at how Brexit will effect the economy.
Technically we can see that downside is more than likely however we are sitting at a minor level of support. Opportunities for further downside may come if we see the market
pullback and re-test the previous lows and 61.8 Fibonacci retracement. Any bearish price action here we could look for continued opportunities short.