GBP/USD Price Action Signal

Hello Price Action Traders.

GBP/USD

The GBP/USD closed the week at 1.7160. The Cable dipped only a tiny bit lower on Thursday and formed a Pin Bar. On Friday the pair extended gains breaking the pin’s high. If broken again it could aim at the 1.72 level, an important psychological round number. Overall, the short and medium term outlook is still bullish. However, keep in mind that there will be the BoE interest rate decision on July 10.

 

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