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GBP/USD Forex Pair Looks to Break Out on BoE Minutes or Bernanke Testimony

In this forex trading video, Michael Hewson discusses the key dollar pairs ahead of the Bank of England minutes and Bernanke’s testimony to Congress.

  • GBP/USD – UK inflation caused a small sell off, any break out of $1.50-1.5220 may determine future direction
  • EUR/USD – The $1.30 level remains a “key line in the sand”, a break below could target $1.2750
  • AUD/USD – Pair may rebound as latest RBA minutes suggest that we will not see an August rate cut

 

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Video content by Michael Hewson of CMC Markets

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