Major Trading Levels for GBP Pairs – BOE In Focus!

The BOE is highly anticipated to keep the interest rates on hold at 0.75% vs. 0.75% beforehand. While the MPC official bank voting also remains steady at 0-0-9. Sterling may remain supported over the release of the news. Watch out key trading levels…

 

 GBP/USD – Technical Levels

Support Resistance
1.2832 1.2886
1.2812 1.2918
1.2758 1.2971
Key Trading Level: 1.2865

 EUR/GBP – Technical Levels

Support Resistance
0.8597 0.8619
0.8585 0.8629
0.8563 0.8652
Key Trading Level: 0.8607

 GBP/JPY – Technical Levels

Support Resistance
139.77 140.48
139.46 140.9
138.74 141.62
Key Trading Level: 140.18

 GBP/CHF – Technical Levels

Support Resistance
1.2737 1.2794
1.2713 1.2827
1.2656 1.2884
Key Trading Level: 1.277

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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