GBP/USD Under Pressure Ahead of Fed Decisions as USD Strength

Dollar Holds Firm Ahead of Fed Decision – Investors remain cautious before the FOMC announcement, with policy expectations keeping the U.S. Dollar broadly supported.

GBPUSD
GBP/USD is trading inside a classic Bearish Pennant, a continuation pattern that formed after a strong impulsive decline. Price has failed to break above the upper trendline and is now slipping below short-term support, suggesting sellers remain in control. A confirmed downside breakout could accelerate bearish momentum toward the marked support levels, while only a sustained move above the pennant resistance would invalidate this setup.
(SELL Setup)
🔴 1st Support: 1.32566
🔴 2nd Support: 1.32351
🟢 Resistance Zone: 1.33050 – 1.33080
⚠️ Disclaimer: This analysis is for educational purposes only.
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GBP/USD is trading inside a classic Bearish Pennant, a continuation pattern that formed after a strong impulsive decline. Price has failed to break above the upper trendline and is now slipping below short-term support, suggesting sellers remain in control. A confirmed downside breakout could accelerate bearish momentum toward the marked support levels, while only a sustained move above the pennant resistance would invalidate this setup.
(SELL Setup)
🔴 1st Support: 1.32566
🔴 2nd Support: 1.32351
🟢 Resistance Zone: 1.33050 – 1.33080
⚠️ Disclaimer: This analysis is for educational purposes only.
Support the idea 🚀 Boost | 💬 Comment | 🔁 Share
🔸🔸 Charts Don't Lie, Traders Don't Quit 🔸🔸
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🟢New Telegram Free Channel : telegram.me/kabhi_official
Contact Me @
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Contact Me @
Telegram - telegram.me/kabhidhan_official
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.