Same as EURUSD, GBPUSD has been consolidating in the same range since Monday, currently awaiting FOMC to make an actual move. In general consensus, GBPUSD is still bearish, but in the short-term it is currently Neutral. It is currently being traded at around 1.3303.
Although the Geopolitical tensions have eased down, Cable doesn't seem to have enough strength to go back higher towards the Supply Zone to retest it, currently it's stuck between the 4H IFVG and 4H FVG, which makes sense considering tonight's FOMC.
Now, if FOMC comes out Dovish, GBPUSD will go higher to retest the Supply Zone and towards the 1.3363 level to sweep the liquidity up there, and then if it stabilizes above the Supply Zone, it can retest the 4H FVG High at 1.3384 level.
However, if FOMC comes out Hawkish, Cable will drop further below, first target being below the 1.3273 level to sweep the minor sellside liquidity, and then if it fails to stabilize above the 1.3260 level, further drop towards 1.3238 level is expected.
Although the Geopolitical tensions have eased down, Cable doesn't seem to have enough strength to go back higher towards the Supply Zone to retest it, currently it's stuck between the 4H IFVG and 4H FVG, which makes sense considering tonight's FOMC.
Now, if FOMC comes out Dovish, GBPUSD will go higher to retest the Supply Zone and towards the 1.3363 level to sweep the liquidity up there, and then if it stabilizes above the Supply Zone, it can retest the 4H FVG High at 1.3384 level.
However, if FOMC comes out Hawkish, Cable will drop further below, first target being below the 1.3273 level to sweep the minor sellside liquidity, and then if it fails to stabilize above the 1.3260 level, further drop towards 1.3238 level is expected.
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Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.