GBPCHF Ahead of the BOE Interest Rate Decision
Today, the Bank of England (BOE) is expected to release its rate decision. The BOE is anticipated to keep rates unchanged at 4.75%. If this happens, the GBP could see slight bullish momentum, but nothing significant.
However, considering the improving UK data over the past month, we could see a weaker GBP , if the BOE cuts rates.
The price has already broken out from a bearish pattern.
This movement is very risky, as it is mainly based on the BOE Interest Rate Decision.
These events can easily invalidate patterns, so it is advisable to be cautious.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Today, the Bank of England (BOE) is expected to release its rate decision. The BOE is anticipated to keep rates unchanged at 4.75%. If this happens, the GBP could see slight bullish momentum, but nothing significant.
However, considering the improving UK data over the past month, we could see a weaker GBP , if the BOE cuts rates.
The price has already broken out from a bearish pattern.
This movement is very risky, as it is mainly based on the BOE Interest Rate Decision.
These events can easily invalidate patterns, so it is advisable to be cautious.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade active
Note
GBPCHF - From 1.1331 it reached 1.1276 and should move down more55 down so far
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.