GBP/USD, the Pound will wait for Thursday!?
If we take a look at my analysis, it’s possible for the Pound to stay here until Thursday Feb 04., when we have the BoE Interest Rate Decision and governor Carney speech. Based on this analysis, you can see the resistance level at 1.4450 which holds the pair in the last two days, resistance daily trend line as well is near. Basicaly, the pair is moving true the equidistant channel after support at 1.4080 and 1.4200/250 after. If the resistance at 1.4500 breaks, the strong one is waiting at 1.4600/650 and that is the place for the huge sellers in my point of view. I can’t see how the buyers could brake that on the way up, the bears remain in control bellow that level.