- August 2, 2018
- Posted by: Trading
- Category: News
- The Sterling is trading into familiar territory for the week ahead of the Bank of England’s highly-expected rate hike.
- BoE rate hike might not go off with slumping economic data for the UK, which could see the Sterling heading for new 2018 lows.
- THe GBP/USD saw July end the month near where it started as momentum bleeds out of the major pair on a still-muddy Brexit.
|Trend:||Flat to bearish|
|Support 1:||1.3088 (current week low)|
|Support 2:||1.3054 (61.8% Fibo retracement level)|
|Support 3:||1.2956 (two-week low; technical bottom)|
|Resistance 1:||1.3128 (current day high)|
|Resistance 2:||1.3172 (current week high)|
|Resistance 3:||1.3212 (previous week high)|
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