GBP/USD – Week 31 – Bulls to slow down.
Last week, our forecast came true as the British Pound started a strong bullish move that reached our resistance target.
In the coming week, we expect the bulls to slow down and enter a corrective phase that will be the trigger for another bullish impulse.
Keep an eye on Thursday’s Bank of England’s Interest Rate decision as it may heavily impact the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, we expect the bulls to slow down and enter a corrective phase that will be the trigger for another bullish impulse.
Keep an eye on Thursday’s Bank of England’s Interest Rate decision as it may heavily impact the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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