GBPUSD has lost the momentum after a rate hike
GBPUSD has been rejected from a strong upside resistance of 1.3620. This rejection leaves the pair inside a tight swing range between 1.34 and 1.3650, and a confirmed break below or levels as mentioned above is required for the direction. At this point, pullback lower is more probable, considering the negated impact of the BOE rate hike.
Note: look for the short trade entries with the stop loss above 1.3600
“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn
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