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GBPUSD poised to test higher on Hawkish BOE

by Neville Hornsey
5 August 2021
in Forex
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The GBPUSD is currently in a trading range and momentum is indicating higher prices to come. The Bank of England need to be Hawkish for cable to test into and above the overhead weekly and monthly resistance, otherwise, we risk seeing a breakdown on negative retail sentiment.

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

0:27 GBP/USD

3:21 US DOLLAR INDEX

3:51 EUR/GBP

Tags: BoEGBPUSDInflationInterest ratesMonetary PolicyResistanceSupportTechnical Analysis
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