Sforex

Cable: BOE Meeting + Inflation Report in the focus

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
163 0 1
Cable is holding below the resistance at 1.5675, and also trade above Kumo cloud for 3 months since April             24

I see Kumo cloud below the candlestick is very thick : It means this is a strong support.

Tomorrow, the market pay all attention on BOE Meeting + Inflation report Hearing.

BOE is still keep neutral- hawkish stance and is epected as the next tightening central bank .

It's very hard to say the move of Cable for the being time.

I think Cable fluctuates between the rank: resistance 1.5675 -- Kumo cloud

Nearly surely, there is no significant change regarding the BOE meeting tomorrow.

Hence, I think I should wait for more clues to jump into GBPUSD            
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