GBP/USD remained volatile around 1.15567, and traders expected the Bank of England to raise interest rates by less than 150 basis points before the end of the year. The price of interest rate futures shows that the possibility of the Bank of England raising interest rates by 100 basis points on November 3 is 37%.
GBPUSD GBPUSD - 4-hour K line chart shows:
The 4-hour chart shows that the bulls' momentum is surging. In the high level region, you are sorting out the weak ones in a narrow range. The MACD index is in the high level of the bulls' region, and the RSI index is in the 50 equilibrium line;
Empty turning point: 1.15777
Pressing: 1.16253, 1.16796
Support: 1.15102, 1.14620
Trading strategy: bearish under 1.15777, target 1.15102, 1.14620
Alternative strategy: bullish above 1.15777, target 1.16253, 1.16796