Daily analysis of GBP/USD for May 11, 2017

GBP/USD is awaiting the BOE interest rate decision. In a technical view, the pair remains capped by a strong resistance placed around 1.2957, formed by a congestion zone which has been holding since April 28th. If the cable manages to break it, then we can expect a bullish acceleration towards the 1.3030 hurdle. H1 chart’s […]