GBPCHF Amid BOE Interest Rate Decision
Updated
GBPCHF Amid BOE Interest Rate Decision
GBPCHF is about to complete a large harmonic pattern on the 4-hour time frame.
The chances are that GBPCHF can begin a bearish correction from a strong zone that it couldn't manage to break in the past. The price can move down again near 1.1250 and 1.1200.
Today, we also have the BOE interest rate decision, and the market is expecting the BOE to cut rates by 25 basis points from 5% to 4.75%. This may create a small sell-off for GBPCHF.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GBPCHF is about to complete a large harmonic pattern on the 4-hour time frame.
The chances are that GBPCHF can begin a bearish correction from a strong zone that it couldn't manage to break in the past. The price can move down again near 1.1250 and 1.1200.
Today, we also have the BOE interest rate decision, and the market is expecting the BOE to cut rates by 25 basis points from 5% to 4.75%. This may create a small sell-off for GBPCHF.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
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