FxWirePro
Long

GBPUSD trades higher on rate hike hopes, targets 1.5800

FX:GBPUSD   Pound Sterling/U.S. Dollar
454 0 7
GBP/USD             is trading higher on account of policy divergence between different central banks

The Monetary Policy Committee ( MPC             ) voted unanimously in favor of keeping the Bank Rate at 0.5% and the stock of purchased assets unchanged at GBP375bn.

The wage growth has picked more than expected in recent months. This confirms that inflation will reach 2% target much more anticipated.

Technically GBP/USD             is facing strong trend line resistance around 1.5650 and nay break above will reach 1.5750/1.5800 in short term.

The pair's major support is around 1.5530 any any break below confirms short term weakness , decline till 1.5400 is possible .

The minor support are at 1.5600/1.5580/1.5530.

It is good to buy at dips around 1.5610-15 with SL around 1.5525 for the TP of 1.5750/1.5800.


United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out