The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
AUD/USD: aussie couldn’t break Cloud’s resistance
2019-11-11 • Updated
Technical levels: support – 0.7330; resistance – 0.7400
- Sell — 0.7400; SL — 0.7420; TP1 — 0.7330; T2 — 0.7300.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are returned to bottom Cloud’s border and there is a strong resistance.
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