GBPUSD Chart Technical Outlook

GBPUSD Chart Technical Outlook trades in a rising wedge pattern, with room for downside if BoE meets the 25 bps expected hike. 1.2700 is today’s support barrier, while 1.2850 is the resistance one. I would expect a bearish price action for GBP if BoE hiked 25 bps.

We will be happy to hear your thoughts

      Leave a reply

      Logo
      Compare items
      • Total (0)
      Compare
      0