Bank Of England Holds its policy unchanged. But negative rates still on the card. Hard Brexit almost confirms. GBP/USD went up mostly for the USD's weakness. Fundamentally GBP is not in a good position as well as. Technically GBP/USD breaks above the trend line, but still closed below the strong resistance.
To the upside, if we see GBP/USD breaks above the 1.3215 price zone, the market may test the next resistance level 1.3415 price zone.
To the downside, if we see the market closed below 1.2940, we must sell and our target should be nearly 1.2510 price zone.
GBP/USD SELL STOP @ 1.2940
SL: 1.3215
TP: 1.2510
To the upside, if we see GBP/USD breaks above the 1.3215 price zone, the market may test the next resistance level 1.3415 price zone.
To the downside, if we see the market closed below 1.2940, we must sell and our target should be nearly 1.2510 price zone.
GBP/USD SELL STOP @ 1.2940
SL: 1.3215
TP: 1.2510