The Fed meeting is in the focus today. The market will be volatile. I decided not to open positions today. The situation is ambiguous at the moment. Most experts believe that the Fed will raise the interest rates. At the same time, the weak statistics on inflation and retail sales in the US has been published recently. The dollar has sharply weakened against the major world currencies. I plan to wait for comments of the Fed representatives and the FOMC economic forecasts.
I’ve identified the following key levels and will watch how the price reacts to them. I'll be back to trading tomorrow. Wish you all nice profits!
GBP/USD
support: 1.2725, 1.2650
resistance: 1.2810, 1.2900
I’ve identified the following key levels and will watch how the price reacts to them. I'll be back to trading tomorrow. Wish you all nice profits!
GBP/USD
support: 1.2725, 1.2650
resistance: 1.2810, 1.2900