GBPUSD

GBPUSD

In the upcoming week, the BoE Interest Rate Decision will be the most important event from the UK. Investors expect a rate hike by 0.25% to 0.75% from 0.50%. We will focus on comments from Carney at the press conference for further clues on monetary policy.

The GBPUSD pair showed a downward movement significantly last week. In the event that the price continues to fall, we will see 1.3050 and 1.2961 as support levels. On the other hand, if the price shows an upward movement, the next resistance levels are holding at 1.3152 and 1.3241.

Support : 1.3050 – 1.2961 - 1.2844

Resistance : 1.3152 – 1.3241 - 1.3306

30 Jul 18 (Mon)

06:22 am



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