Thurs BOE Decision Sniped the GBP/USD

BOE declaration together with civil unrest pertaining to COVID is rife on social media. The fundamentals reflected on the H1 and H4 charts with a slide below the pivot. There was a mild struggle that staggered into a drunken ranging.

Mildly propping the UK include the positive Initial jobless claims , without which, we might see the Cable 50 pips lower.

Note that the Bank of England's 100 billion bond purchases implied lowered priority for relief initiatives- something the people desperately needed

GBPUSD continues to languish below the H4 Allligator lines and corroborated by a strong H4 ADX trending -45. It had also breached the 200 period WMA to the downside.

I expect the Cable to hit Support 1 by end of Friday today June 19, and if it breaks through support, should conceivably drop 200 pips by June 26.

Let me know your sentiments