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GBP/USD at Peak Levels: Attention Shifts to the Bank of England
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Action Forex
With the US Federal Reserve expected to keep interest rates unchanged, market focus has shifted towards the Bank of England.
Technical AnalysisOn the H4 chart, GBP/USD is currently undergoing a correction from the 1.3845 level.
This scenario is confirmed by the MACD indicator, which shows a downward trend but remains above the zero level.
On the H1 chart, the correction from 1.3845 continues, with the next support target around 1.3765.
ConclusionGBP/USD remains strong at its recent highs, and attention is now turning to the upcoming BoE decision.