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Forex news -forex broker review => Forex => Topic started by: PocketOption on May 03, 2022, 04:48 am

Title: GBP/USD Outlook: Bears Pause above Key Fibo Support, Awaiting BoE Policy Decision for Fresh Signals
Post by: PocketOption on May 03, 2022, 04:48 am
GBP/USD Outlook: Bears Pause above Key Fibo Support, Awaiting BoE Policy Decision for Fresh Signals

Larger bears are pausing above new multi-month low, after sterling fell 4.3% in April, suffering the biggest monthly loss since June 2016. Sterling bounced after failing to register weekly and monthly close below cracked pivotal Fibo support at 1.2494 (61.8% of 1.1409/1.4249), due to oversold conditions and expectations for fresh signals from the Bank of […]


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Source: GBP/USD Outlook: Bears Pause above Key Fibo Support, Awaiting BoE Policy Decision for Fresh Signals (https://www.actionforex.com/contributors/technical-analysis/441923-gbp-usd-outlook-bears-pause-above-key-fibo-support-awaiting-boe-policy-decision-for-fresh-signals/)