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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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.
Support the idea 🚀 Boost | 💬 Comment | 🔁 Share
🔸🔸 Charts Don't Lie, Traders Don't Quit 🔸🔸
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