FX.co ★ The Bank of England restrained the fall of pound

The GBP/USD pair is fixed above the Bank liquidity zone today, indicating that the Central Bank supports the growth of the British pound. Tomorrow, a new banking zone will be formed after the distribution of the tender for open market operations. This will allow us to consider support for further growth or the level at which the accumulation zone will begin to form.

Work in the upward direction is impulsive, so holding purchases opened in the banking zone is the main tactic. New purchases should be opened if the price remains above the 1.2970 level today. This will allow us to talk about the formation of a new support zone from the Central Bank.