GBPUSD Technical Analysis and Key Levels November 1st
Tomorrow will tell us if the GBP rally will start or we gonna wait for one month more. Eyes will be on BoE decision.
Cable extended its overnight bullish momentum and went on to hit fresh two-week highs at 1.3293 in Asia this Wednesday, after pound was boosted on the comments delivered by the UK’s Brexit Secretary Davis and increased hopes of a BOE rate hike tomorrow, especially after the UK’s NIESR stated that it expects the BOE tightening cycle to begin this Thursday.
As I mentioned yesterday’s article, H4 closings above 1.32200 are adding LONG opportunities.
GBPUSD Daily Chart