GBPUSD is approaching the key resistance level at 1.2680. It is the key moment for the price, as the FOMC meeting will set the trend for the next few days.
🧐How to trade?
Don't try to guess. Usually, the trend becomes clear 10-15 minutes after the FOMC Press Conference begins (around 21:45 GMT+3). However, we suggest waiting for the H1 candle close.
🔼If it closes above the resistance level, you might enter a buy trade with a small amount and increase your position on the breakout retest. In this case the target will be at 1.2907. 🔽If the H1 candle closes below 1.2680, wait for the downward impulse and sell the pair with the target at 1.2537.
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