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
Risk Warning
Important : One Billion Signals will not be liable for any losses sustained while using the services provided on the One Billion Signals application. This application is not a solicitation to trade forex signals, nor is the representation is being made that any account will, or is likely to, achieve profits or losses similar to those discussed on the application. The past performance of any trading system or methodology is not necessarily indicative of future results.
© 2024 One Billion Signals All Rights Reserved