GBPUSD - OFFICIAL BANK RATE RELEASE 20 JUNE
Updated
I would expect a temporary bullish after the news from BOE interest rate.
Based on my sole opinions, there might be no changes from the forecast of 5.25% due to UK inflation rate is under control.
Based on price action, I have created a new dealing range from Tuesday 18 June - Low to yesterday High. For the Pound to be bullish , I want to see that price draw liquidity below the 0.5 range.
At the extreme, price may reach around 0.25 range.
Price expected to rise gradually to draw liquidity on yesterday highs and into H4 FVG.
If this is played out, I would expect a bearish outcome.
Turtle soup strategy.
Based on my sole opinions, there might be no changes from the forecast of 5.25% due to UK inflation rate is under control.
Based on price action, I have created a new dealing range from Tuesday 18 June - Low to yesterday High. For the Pound to be bullish , I want to see that price draw liquidity below the 0.5 range.
At the extreme, price may reach around 0.25 range.
Price expected to rise gradually to draw liquidity on yesterday highs and into H4 FVG.
If this is played out, I would expect a bearish outcome.
Turtle soup strategy.
Note
At press time, price has move lower the green liquidity line. price has sweep the H1 FVGwill price remains this are or price attracted at 0.25 when there is about 2.15hours from the news release
Note
correctionsnot at 0.25 / it should at 0.75 where there is a higher low swing.
1.5hours to news. price is indecision at H1 FVG
Note
The upcoming next H1 candle is important for the above to play out.At press time, price of 2, H1 candles has immediately balance for sell and buy side
Note
Outcome: Bank rate no changed from the forecast.Inflation remains low.
UK economy is in balance.
Pound is weaken.
The above expectation does not play out to plan.
I expecting to see price hit the external liquidity low, i.e the start f the dealing range and see more price actions.
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