GBPUSD - Bank rate decision tomorrow

FX:GBPUSD   British Pound / U.S. Dollar
95 2 4
This pair has come to a critical level in its pursuit to fill the 'gap' created the week after Brexit. Two scenarios here and we will probably wait until after the decision to enter as we will know more. From a text book point of view we do have some bullish indications, namely a double bottom and bullish engulfing candle on 1.28510. Due to the fundamentals going on we are still BEARISH
Comment: No rate cut so we may see this pair move higher
I expect the price to consolidate untill the decision. Hopefully we get a signal to go short. A break of the 2 hour 50 ema could be that signal
I completely agree with you. My question is why 2 hour 50 ema. History shows that this location as support resistance. I like the 50% zone and likely 61.8. If GBP cuts
will GBP tank? If it doesn't cut will it rise. All this talk of cutting yesterday maybe just a bunch of b.s.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out