GBP/USD Bounce Potential, BOE on Tap
As of writing on Monday morning, traders are pricing in about a 60% chance that the Bank of England will cut interest rates at its meeting on Thursday, leaving meaningful doubt on how the meeting will ultimately resolve.
Meanwhile, GBP/USD remains within its 2-week bearish channel, though it is bouncing back to previous-support-turned-resistance near 1.2850. For this week, that will be a key bull/bear line, with a breakout above it setting the stage for a potential continuation toward 1.29+, whereas bears will maintain the upper hand below that level.
-MW
Meanwhile, GBP/USD remains within its 2-week bearish channel, though it is bouncing back to previous-support-turned-resistance near 1.2850. For this week, that will be a key bull/bear line, with a breakout above it setting the stage for a potential continuation toward 1.29+, whereas bears will maintain the upper hand below that level.
-MW
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.