👉🇻🇬🇻🇦👈GBPUSD outlook!
GBPUSD is approaching the key resistance level at 1.2680. It is the key moment for the price, as the FOMC meeting will set the trend for the next few days.
🧐How to trade?
Don't try to guess. Usually, the trend becomes clear 10-15 minutes after the FOMC Press Conference begins (around 21:45 GMT+3). However, we suggest waiting for the H1 candle close.
🔼If it closes above the resistance level, you might enter a buy trade with a small amount and increase your position on the breakout retest. In this case the target will be at 1.2907.
🔽If the H1 candle closes below 1.2680, wait for the downward impulse and sell the pair with the target at 1.2537.
GBPUSD is approaching the key resistance level at 1.2680. It is the key moment for the price, as the FOMC meeting will set the trend for the next few days.
🧐How to trade?
Don't try to guess. Usually, the trend becomes clear 10-15 minutes after the FOMC Press Conference begins (around 21:45 GMT+3). However, we suggest waiting for the H1 candle close.
🔼If it closes above the resistance level, you might enter a buy trade with a small amount and increase your position on the breakout retest. In this case the target will be at 1.2907.
🔽If the H1 candle closes below 1.2680, wait for the downward impulse and sell the pair with the target at 1.2537.