Bank of England announced today that will keep the
main interest rate at 0.5% and the major expectations are postponed for August.
The GBP/USD pair might not be so seductive for the bulls in the scenario of
rate cut, and bears can not play a leading role until finding stronger
resistance levels.
There are three important levels if observing next tryouts of the pair to find
stronger resistance zone. 1.3500 is the lowest point during the financial
meltdown and as well is considered as a major psychological level. 1.3840 is holding
the line of 7 years low before Brexit and in case of deeper retracement, this
could turn to excellent resistance level. The third major level is located at
1.4004 as this is the pre-Brexit swing low.
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