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If we keep the bullish momentum heading into £ perhaps re-test of 1.32 lower areas and to head higher completing flag pattern. We are at key resistance.
BOE didn't cut rates, there could be ONE cut on the table for this IF they do. However, due to inflation being sticky they aren't cutting at this moment of time. If they was to, wouldn't that just be stagflation.
Sold GBPUSD earlier, but hesitated as the dollar's rise slowed. The market did not experience a major decline. But it is still in the profit-making stage. Continue to wait for the US market to start. The dollar rebounded. Then GBPUSD continues to move downwards. GBPUSDGBPUSDGBPUSD1!
6BZ2023 The price bounced off the buyer's daily zone and returned to range on the hourly timeframe. I'm waiting to reach 1.2551 (the upper border of the range)