GBP/USD: pressure increases on the pound after the BoE

GBP/USD could return to test its lows at $1.0345 in the short term

On the technical side, the outlook for GBP/USD turns bearish again in the short term after the exchange rate broke out from the bottom of the rising wedge it had been trading in for a month.

This is a technical signal for a continuation of the underlying downtrend and paves the way for a fresh short-term leg down that could extend to the all-time low at $1.0385 recently. tested.

This bearish outlook would theoretically be invalidated in the event of a bounce above the recent high at $1.1645.

Admission: Sale between $1.15 and $1.14

Stop: $1.1650

Objective: 27,000 points

Risk/reward ratio: 4

Follow the evolution of the GBP/USD price with IG.


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