Hey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.27900 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.27900 support and resistance area. as we approach the Fomc next week fed may go for another hike due to the persistent inflation as both CPI and PPI came hot plus the labour market is solid too in the US! Trade safe, Joe.
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looking good now, fomc is approaching let's see how it will end up!
Your analysis of GBP/USD shows a clear plan for a potential selling opportunity based on current price action and anticipated economic events. Considering the upcoming FOMC meeting and recent economic data, your perspective on the interest rate hike's potential impact on the pair is a key factor. Given these fundamental factors and your technical analysis, it seems you're looking for confluence in price action around a significant level for a potential trade entry. Keep an eye on those key levels!