GBPUSD: Preparing For Rate Decision Next Week 🇬🇧🇺🇸
https://www.tradingview.com/x/ax46f1Bu/
We are expecting a lot of important fundamental news next week.
Here is your trading plan for GBPUSD.
The market is currently trading within a wide horizontal range on a daily.
Depending on the reaction of the price to its boundaries, I see 2 potential scenarios.
If the price breaks and closes above the resistance of the range,
we can anticipate a bullish movement to 1.294 resistance.
A bearish violation of the support of the range and a daily candle close below that will most likely trigger a bearish movement to 1.254
Wait for a breakout, that will be your strong technical confirmation.
❤️Please, support my work with like, thank you!❤️
We are expecting a lot of important fundamental news next week.
Here is your trading plan for GBPUSD.
The market is currently trading within a wide horizontal range on a daily.
Depending on the reaction of the price to its boundaries, I see 2 potential scenarios.
If the price breaks and closes above the resistance of the range,
we can anticipate a bullish movement to 1.294 resistance.
A bearish violation of the support of the range and a daily candle close below that will most likely trigger a bearish movement to 1.254
Wait for a breakout, that will be your strong technical confirmation.
❤️Please, support my work with like, thank you!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.