GPBUSD in Very Risky Way Momentum
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GBPUSD In very risky Scenario
The entire market is currently focused on the upcoming FOMC meeting and the potential rate cut's that's may be announced.
Market participants are amazing each piece of the US economic data as it is released trying to anticipate the federal reserve decision. However predicting a fed rate cut in the advance based solely on monthly data is challenging.
If the feed decides to cut rates it Will likely be based on projected CPI Trend rather than just monthly data. Achieving the Fed's target for CPI and other indicators requires time making Thier decision somewhat subjectives.
A common issue observes this time is the high level of market speculation by the major players. Chat often show camouflaged movements during critical moment's without any apprent reason.
Technical Analysis:
Price is moving inside a large trading pattern.
If the price will manage to hold below the resistance zone located between 1.3230 -1.3265 Odds are GPBUSD can move lower tomorrow after the FOMC data.
It's very risky to anticipate this bearish scenario given that the entire market expects the USD to weaken.
However as long as we are not market makers anything is possible.
You may find more details in the chart 📉
Plz Support with like and comments if you find this analysis useful for your Trading day ❤️
The entire market is currently focused on the upcoming FOMC meeting and the potential rate cut's that's may be announced.
Market participants are amazing each piece of the US economic data as it is released trying to anticipate the federal reserve decision. However predicting a fed rate cut in the advance based solely on monthly data is challenging.
If the feed decides to cut rates it Will likely be based on projected CPI Trend rather than just monthly data. Achieving the Fed's target for CPI and other indicators requires time making Thier decision somewhat subjectives.
A common issue observes this time is the high level of market speculation by the major players. Chat often show camouflaged movements during critical moment's without any apprent reason.
Technical Analysis:
Price is moving inside a large trading pattern.
If the price will manage to hold below the resistance zone located between 1.3230 -1.3265 Odds are GPBUSD can move lower tomorrow after the FOMC data.
It's very risky to anticipate this bearish scenario given that the entire market expects the USD to weaken.
However as long as we are not market makers anything is possible.
You may find more details in the chart 📉
Plz Support with like and comments if you find this analysis useful for your Trading day ❤️
İşlem kapandı: hedefe ulaştı
GBPUSD the Bullish Target i explained above 1.3200 was reached again.
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