GBP/USD PRICE ANALYSIS: DROPS AMID UK RECESSION FEARS POST BOE RATE HIKE...來自llexaxo

25 Jun 2023, 03:42 · 閱讀量 65

GBP/USD experiences dip, shedding 0.17% following BoE’s surprise 50 bps rate hike.
Technicals suggest a downward trend, with RSI exiting overbought conditions.
Key levels to watch: support at a weekly low of 1.2691 and resistance at a YTD high of 1.2848.

GBP/USD opened the Asian session with a bearish mood after hitting a weekly high of 1.2841 to see those gains evaporate as UK recession fears reignited, post the Bank of England 50 bps rate hike. The GBP/USD closed on Thursday with losses of 0.17%. At the time of writing, the GBP/USD exchanges hands at 1.2742.

Must read: GBP/USD dives following unexpected BoE rate hike, sparking UK’s recession concerns

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