02 FEB 12:05
GBPUSD bulls show their strength
Pound bulls remain in the driving seat on the weekly charts with prices balancing above the 1.2300 level as of writing. The currency pairs short-term outlook may be influenced by not only the looming BoE interest rate decision today but US jobs repor on Friday.
05 JAN 11:57
GBPUSD bears make their presence felt
Pound bears linger in the vicinity as the bullish trend loses momentum on the daily time frame. All eyes will be on how prices behave around the critical support at 1.18998 which could open the doors to lower levels.