BitcoinForex (SPOT)

GBP/USD: What will happen after the BOE decision?


Today we are awaiting the decision on interest rates from the BOE, we also expect an increase of at least 25 basis points on this front. Having said that, from a technical point of view, the weekly context has not changed, but the bearish pattern on the weekly chart could fail in the short term, and if this happens we will have a clear bullish signal at least until 1.3050 first, and then 1.34. If the pair closes the week above the resistance, the failure of the bearish pattern may be close.

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