Advertisement
Advertisement

GBP/USD Shorts are Possible Before the BOE

By
Nenad Kerkez
Published: Aug 4, 2021, 10:55 GMT+00:00

The GBP/USD is trying to make a push lower. This could be a profit taking before the BOE tomorrow.

GBP/USD Shorts are Possible Before the BOE

As long as the price is kept below the 1.3990, we should see a move down. 1.3645 looks bearish. Multiple confluence spots are there supporting the bears. Targets are 1.3894 all the way down to 1.3875. Only if the price breaks 1.3990, bulls will have the advantage. Watch for BOE decision.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

Advertisement