GBPUSD Forex Pair Analysis

GBPUSD Forex Pair Analysis

Time Frame : 4 Hourly Chart

Watch for Buy Entry Setup

The GBPUSD is awaiting the BOE statement on QE so has been swinging between making higher lows and lower highs the last few sessions. We expect that if QE is eased like many expect, then the Pound should rally up and out of the current contractive price action. Watching for a higher low to hold for the buy entry setup and push up through 1.4005.

Currency Pair : GBPUSD

Current Price : 1.3911

Status : On watch for a buy entry setup