GBPUSD- Short-Term Trade Setup
The reaction of GBPUSD to the Bank of England's interest rate decision has been fairly muted. In the short term, we're looking for selling opportunities, aiming for a deeper reversal towards the 1.3146 level.
Key levels to watch:
Target 1: 1.3146
If price breaks below 1.3146, the next target is 1.3000.
Stop-loss recommendations:
Technical Stop: 1.3322
Conservative Stop: 1.3265
Keep these levels in mind as you plan your trades.
Key levels to watch:
Target 1: 1.3146
If price breaks below 1.3146, the next target is 1.3000.
Stop-loss recommendations:
Technical Stop: 1.3322
Conservative Stop: 1.3265
Keep these levels in mind as you plan your trades.
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