unique4x
Short

Watching GBPUSD to regain bearish momentum

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
We will be watching to see if GBPUSD             can regain its bearish momentum before the Fed announces interest rates on Wed. Although the street does not anticipate any move by the Fed, they may give a hawkish tone and if so that should add fuel to the short side.

With that said we will be looking for a close below the short-term trendline on the hourly chart along with confluence from our price prediction algorithm. If we can get that setup prior to the Feds announcement we will be taking GBPUSD             short while correlating it with GBPCHF             to give us protection.
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