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Back Technical analysis
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Back Technical analysis
GBP/USD – September 16: The Bank of England Is Expected to Maintain Its Pause
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair attempted to start rising on Tuesday, but the bulls' attacks ended before they had really begun. Today, the pound made another attempt to consolidate above the 76.4% Fibonacci level at 1.3489, but was unsuccessful again. Thus, a rebound from the 1.3489 level allows us to expect a continuation of the decline toward the 1.3447–1.3454 support level. Consolidation above 1.3489 would allow traders to expect some growth toward the 1.3526 and 1.3556 levels.
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