SignalSwiss
Short

$GBPUSD: Waiting Pullback

FX:GBPUSD   British Pound/U.S. Dollar
295 6 17
See our Weekly Analysis here:
GBPUSD: Weekly Outlook

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SignalSwiss TOP
2 years ago
The GBP/USD pair trades -0.28% lower at 1.5413, recovering from 1.5394 lows. The cable is seen consolidating on the downside in a 60-pips range mainly driven by USD moves in absence of fundamentals amid a data-dry EUR calendar today.
The greenback continues to remain supported on the back of better than expected US jobs data released last week, continues to weigh on the cable. The DXY trades higher by 0.25% at 95.14 levels, retreating from 95.34 session highs.
GBP/USD remains pressured as traders anticipate the BOE statement to be eventless with little impact on the pound. The policymakers are very likely to keep the monetary policy stance unchanged in May by maintaining the base interest rate at the record low level of 0.5% amid slowing growth and very weak CPI at the moment. Meanwhile, US labour market condition will be reported in the US session amid a data-thin trading session today.
+3 Reply
IvanLabrie PRO SignalSwiss
2 years ago
Might go up without forming that H&S shape.
Reply
SignalSwiss TOP
2 years ago
UPDATE (American Session)
snapshot
+2 Reply
ohitsZoya SignalSwiss
2 years ago
Nice one
Reply
SignalSwiss TOP
2 years ago
UPDATE (European Session): Monitor candle in close.
snapshot
+2 Reply
IvanLabrie PRO SignalSwiss
2 years ago
Clockwork precision mate, excellent work.
Reply
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