Libra Esterlina/Dólar Americano
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GBP/USD: Waiting for Breakout or Pullback?

89
Hi All!

The Bank of England decision tomorrow adds uncertainty, and we’re keeping a close eye on GBP/USD for trading opportunities!

🔹 Key Levels to Watch:
📌 A confirmed break of 1.25190 resistance would be ideal for a long trade.
📌 Pullback to 1.24-1.23 would offer a more confident entry towards 1.28716 resistance, which has been holding for several days in 2024.

⚠ Potential for Sharp Downward Move: If the Bank of England cuts rates tomorrow, we might see a sudden drop, presenting a chance to buy back towards support zones.

Alternatively, a breakout above 1.25260 could signal the continuation of the bullish trend right now.

💡 Watch closely during today’s and tomorrow’s sessions for market moves!

#GBPUSD #Forex #BankOfEngland #Trading #ForexTrading #ForexAnalysis #GBP #TechnicalAnalysis #SupportAndResistance #Breakout #Pullback #CurrencyPairs #MarketWatch #TradeSmart #FinancialMarkets #TradingOpportunities

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