GBPUSD- 18Mar2022
GBPUSD- 18Mar2022
Price has taken a slight hiatus after BoE raised their interest rates to 0.75% yesterday. GBPUSD dropped from its highs at 1.3210 to lows at 1.30900 but it has already recovered more than 61.8% of it.
Due to the fundamentals of interest rates hike, we could still expect price to rebound to daily 1st Resistance at 1.32360.
This is for personal record purposes only, not financial advise or solicitation of trade.
Price has taken a slight hiatus after BoE raised their interest rates to 0.75% yesterday. GBPUSD dropped from its highs at 1.3210 to lows at 1.30900 but it has already recovered more than 61.8% of it.
Due to the fundamentals of interest rates hike, we could still expect price to rebound to daily 1st Resistance at 1.32360.
This is for personal record purposes only, not financial advise or solicitation of trade.
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