Overall, GBP/USD is trending downwards. Recently, GBP/USD trended higher, breaking the resistance level of 1.21000.
Yesterday, the Bank of England (BoE) held interest rate unchanged at 0.10%. No change to the amount of asset purchase was made.
Currently, GBP/USD is bouncing off the resistance level of 1.22745 and the next support level is at 1.21000.
Stay out of GBP/USD for now.
Yesterday, the Bank of England (BoE) held interest rate unchanged at 0.10%. No change to the amount of asset purchase was made.
Currently, GBP/USD is bouncing off the resistance level of 1.22745 and the next support level is at 1.21000.
Stay out of GBP/USD for now.