➡️ Bank of England (BoE) dovish 25bp rate hike in March is likely to set a bearish tone for the GBP in the coming weeks. At the moment, the risks for the GBP are skewed to the downside.
The price of the currency pair is in the range of 1.32990 - 1.32990. This range is assumed to be a balance, in which recovery from the level of 1.32990 can be expected. Thus, the attention of sellers will be focused there. After that, if the price does not fall down with a crash, then you can open a long position towards the level of 1.32090.
In the medium term and most likely in the long term, the Pound is still more under the influence of the bears.
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👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
The price of the currency pair is in the range of 1.32990 - 1.32990. This range is assumed to be a balance, in which recovery from the level of 1.32990 can be expected. Thus, the attention of sellers will be focused there. After that, if the price does not fall down with a crash, then you can open a long position towards the level of 1.32090.
In the medium term and most likely in the long term, the Pound is still more under the influence of the bears.
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
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There is new idea for GBPUSD❗️
