The GBP/USD pair turned to the downside after registering only false breakouts through the R2. The BOE should be decisive today. The Rising Wedge pattern could be activated after a valid breakdown below the uptrend line. The GBP/USD price dropped in the short term and is trading at 1.2287 at the time of writing. The … Continued
The post GBP/USD Price Fades Spike Above 1.23 After BoE’s 25-bps Hike appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- EUR/USD Price Retraces Below 1.07 as Dollar Regains - April 24, 2024
- AUD/USD Forecast: Rallies as Rate Cut Bets Ease After Hot CPI - April 24, 2024
- GBP/USD Price Analysis: Pound Surges on Positive PMI - April 24, 2024