GBPUSD seems to be currently content trading in the 1.27000 area. The price action on the 4H chart indicates possible nervousness or uncertainty from traders. There was a recent failed breakout above the bull flag with a downward trend in recent trading volumes to confirm any lack of momentum in the markets, so we are not expecting any big market moves for now.
Activity may pick up later today with the release of FOMC meeting minutes. Until then, if you have any open positions or are looking to take any positions due to the lack of volume in the markets, please trade carefully.
Please remember to like, comment, and follow us, as your support greatly helps us.