GBPUSD Can Test 1.2780 Before FOMC

GBPUSD can test 1.2780 before FOMC

As we all know we have FOMC on Wednesday.
In the previous statement, they said that will increase the Interest Rates in March,
and considering the fact that FOMC is a high-impact data all the eyes of the market will be on them until Wednesday.

So be careful as the speculation will be very high as this is news was released from FOMC also the previous month.

As long as the market already know that they may increase the Interest Rates the bearsish momentum will be high on
GBPUSD until Wednesday.

In my personal opinion, we can see the price moving up to 1.2780 before FOMC as the market is already
waiting for that news.

Thank you and Good Luck!