Dear friends, GBPUSD has formed an upward channel and is currently trading at 1.215.
Regarding the forecast: The FOMC policy meeting, which lasts for two days, begins today and will conclude at the end of Wednesday. Markets predict that the FOMC will keep interest rates unchanged at this month's meeting. Traders will be monitoring FOMC Chairman Powell's press conference for fresh insights. If the FOMC delivers a hawkish message, the US Dollar (USD) may attract some buyers and put pressure on the GBP/USD pair.
My short-term target is to reach the resistance level of 1.226 after surpassing the barrier at 1.21.
Regarding the forecast: The FOMC policy meeting, which lasts for two days, begins today and will conclude at the end of Wednesday. Markets predict that the FOMC will keep interest rates unchanged at this month's meeting. Traders will be monitoring FOMC Chairman Powell's press conference for fresh insights. If the FOMC delivers a hawkish message, the US Dollar (USD) may attract some buyers and put pressure on the GBP/USD pair.
My short-term target is to reach the resistance level of 1.226 after surpassing the barrier at 1.21.
