GBP 21.08 Continue to receive support from the Bank of England

The GBP/USD pair attracted some buyers on the first day of the new week and maintained modest gains on the day, below mid-1.2700s during the Asian session. However, spot prices remain confined within a familiar trading range that has held for about the past three weeks, and a mixed fundamental backdrop warrants some caution before placing strong bullish bets.

GBP/USD gains some positive traction on Monday, despite the lack of subsequent buying. Bets on further BoE tightening will strengthen GBP and support the main currency. (BoE) rate hike continues, along with US Dollar bearish action.

Krado thinks GBP will dominate USD until next BoE meeting in September

What is your opinion? can let me know in the comment section, thanks.🌷
⚡️ * Let's win the market together* ⚡️

Kommentera:

⚡️GBP has reached the support zone, let's wait for the next candles with Krado⚡️

Kommentera:

⚡️GBP was on the right track⚡️

🔔🔔🔔Buy 1.27211 + 30 pips🔔🔔🔔

Handel aktiv:

⚡️Hit TP⚡️

Trade stängt: målet nått:

⚡️This plan has been achieved, let's krado to the next plan⚡️