GBP/USD Outlook: Bears Pause above Key Fibo Support, Awaiting BoE Policy Decision for Fresh Signals

[PocketOption]

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 […]

The post GBP/USD Outlook: Bears Pause above Key Fibo Support, Awaiting BoE Policy Decision for Fresh Signals appeared first on Action Forex.

Source: GBP/USD Outlook: Bears Pause above Key Fibo Support, Awaiting BoE Policy Decision for Fresh Signals