Cable: BOE Meeting + Inflation Report in the focus
Cable is holding below the resistance at 1.5675, and also trade above Kumo cloud for 3 months since April 24
I see Kumo cloud below the candlestick is very thick : It means this is a strong support.
Tomorrow, the market pay all attention on BOE Meeting + Inflation report Hearing.
BOE is still keep neutral- hawkish stance and is epected as the next tightening central bank.
It's very hard to say the move of Cable for the being time.
I think Cable fluctuates between the rank: resistance 1.5675 -- Kumo cloud
Nearly surely, there is no significant change regarding the BOE meeting tomorrow.
Hence, I think I should wait for more clues to jump into GBPUSD
I see Kumo cloud below the candlestick is very thick : It means this is a strong support.
Tomorrow, the market pay all attention on BOE Meeting + Inflation report Hearing.
BOE is still keep neutral- hawkish stance and is epected as the next tightening central bank.
It's very hard to say the move of Cable for the being time.
I think Cable fluctuates between the rank: resistance 1.5675 -- Kumo cloud
Nearly surely, there is no significant change regarding the BOE meeting tomorrow.
Hence, I think I should wait for more clues to jump into GBPUSD