FX:GBPUSD   British Pound/U.S. Dollar
284 3 2
Tomorrow is big day for US dollar             and by looking @ Cable (+ other major pairs as well), I lean towards bearish outcome from the FOMC presser( bearish for USD). So far Pound has been extremely bullish against the greenback and the fact that ahead of such an important event, Cable refuses to give back any gains, makes me more confident to stay bullish .

But of course - the outcome of the FOMC Press Conference cannot be predicted so, things may change in seconds. Just saying.
ChrisBaron
2 years ago
Nice. We have the same outcome just different analysis haha. I see 1.69 as a key level probably lined with buyers. 1.718 will be the next major structure level after the break.
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capitalpropertiesfx ChrisBaron
2 years ago
Well, I have a very simple approach with this one.
It took so much time for this pair to breach that "magical" 1.7000 level and now we just turn around and go back? No, no :) We did that once already. This time, i think it is up,up,up until 1.72 area (or close to that).
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ChrisBaron capitalpropertiesfx
2 years ago
I'm with you on that one sir. Although a pullback to 1.69 wouldn't suprise me. I had it long from 1.683 before the Carney madness and closed 1.696 area, the right decision so far. I believe FOMC will be the catalyst for the next run. Hopefully we will get a good long entry tomorrow.
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