Bank of England, Bailey: we are not yet close to talking about using negative rates:It’s useful to have a tool like negative rates on hand;QE works best when markets are relaxed.
Our Analysis:
Provided that the currency pair is traded below 1.4200, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.4183
- Take Profit 1: 1.4175
- Take Profit 2: 1.4160
Alternative scenario:
In case of breakout of the level 1.4200, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.4200
- Take Profit 1: 1.4220
- Take Profit 2: 1.4240
GBP/USD Intraday: the upside prevails.
Pivot:
1.4175
Our preference:
Long positions above 1.4175 with targets at 1.4220 & 1.4240 in extension.
Alternative scenario:
Below 1.4175 look for further downside with 1.4160 & 1.4145 as targets.
Comment:
The RSI is mixed to bullish.
Categories :
Tags : GBPUSD Daily Analysis
