The Bank of England decision tomorrow adds uncertainty, and we’re keeping a close eye on GBP/USD for trading opportunities!
🔹 Key Levels to Watch: 📌 A confirmed break of 1.25190 resistance would be ideal for a long trade. 📌 Pullback to 1.24-1.23 would offer a more confident entry towards 1.28716 resistance, which has been holding for several days in 2024.
⚠ Potential for Sharp Downward Move: If the Bank of England cuts rates tomorrow, we might see a sudden drop, presenting a chance to buy back towards support zones.
Alternatively, a breakout above 1.25260 could signal the continuation of the bullish trend right now.
💡 Watch closely during today’s and tomorrow’s sessions for market moves!