GBPUSD reached critical juncture: KoD or breach of trendline

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

GBPUSD has reached a critical juncture. A KoD pattern is being formed along with AB=CD before Interest rate decision. It may resume bearish trend or breakout from trendline. This will all depend on tomorrow's US GDP numbers and Interest rate decision later in the day.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.