This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

gbpusd

The British pound sterling is in a holding pattern above the 1.2516 level of support.

Price action could remain trading flat, heading into today’s Bank of England meeting.

The bias is a bit mixed. GBPUSD could potentially recover the previous losses as the currency pair could aim for 1.2643.

To the downside, if the price level near 1.2516 breaks, then we expect a move towards the 1.2368 level.

This will potentially complete the downside correction for the GBPUSD currency pair.

Test your strategy on how the GBP will fare! Open your Orbex Account and start trading now. 

The post Pound sterling finds support at 1.2516 ahead of BoE appeared first on Orbex Forex Trading Blog.


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.