GBPUSD Multi-Timeframe Analysis

The Bank of England gave the pound a boost yesterday as they raised rates by 15 basis points. This is intended to signal to the market that the central bank will start the fight against inflation. Whether or not COVID kills inflation and overall economic activity first, is still to be seen. Using multi-timeframe analysis and also trying to outmanoeuvre the crowded long trade, I look for the most significant levels of support and resistance to identify where the stops and liquidity may be hiding for initiating a long trade of my own. 

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:46 GBP/USD