The Bank of England has kept monetary policy unchanged as expected but a less hawkish tone than expected has left the Pound lacking a meaningful bounce. Last week, as we pointed out in our previous analysis the pair continued the bearish correction from the resistance level. In the coming week, we expect a bullish move to start from the support area that we highlighted on the chart. Our first target will be a break of the resistance level. Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.