GBP/USD Forex Signal: Relief Rally Likely After Fed Dip
While the overall outlook for the pair is bearish, we can’t rule out a situation where the pair bounces back as traders fade the dollar rally.
Bearish View
Set a sell-limit at 1.4037 and a take-profit at 1.3960.
Add a stop-loss at 1.3950.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 1.4050 and a take-profit at 1.4120.
Add a stop-loss at 1.4000.
The GBP/USD pair crashed after the latest Federal Reserve interest rate decision. The pair declined to 1.3970, which was 1.15% below the highest level yesterday and 1.80% below the year-to-date high.
While the overall outlook for the pair is bearish, we can’t rule out a situation where the pair bounces back as traders fade the dollar rally.
Bearish View
Set a sell-limit at 1.4037 and a take-profit at 1.3960.
Add a stop-loss at 1.3950.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 1.4050 and a take-profit at 1.4120.
Add a stop-loss at 1.4000.
The GBP/USD pair crashed after the latest Federal Reserve interest rate decision. The pair declined to 1.3970, which was 1.15% below the highest level yesterday and 1.80% below the year-to-date high.
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You make an investment with us and we trade for you, after 5 days we return with profits directly to your account/wallet.✅
If you're interested, send us a text and we can get you started.⚡️
We assure you, this is an opportunity you'll love😍😍😍
@rosefx03
GBPAUD BUY
The currency pair breaks the upper border after consolidation that lasted for a year.
If this breakout is true, then the impulse exit and further movement will be long enough.
The first targets to which we expect growth are resistance 1.8554 and the next one - 1.8986
The currency pair breaks the upper border after consolidation that lasted for a year.
If this breakout is true, then the impulse exit and further movement will be long enough.
The first targets to which we expect growth are resistance 1.8554 and the next one - 1.8986
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, AUD/USD2021-06-18 16:40:00
US Dollar Talking Points:
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With the FOMC now in the rearview mirror we can say that this is one of the FOMC rate decisions that brought some element of volatility. The bank took on a tone that was a bit more hawkish than what many were looking for. This may have been discounted to a degree during the press conference when Jerome Powell urged to take the dot plot ‘with a big grain of salt.’
To be sure this wasn’t the first time that we heard Chair Powell attempt to shift the market’s focus away from the Fed’s interest rate projections. Because, after all, they’re mere projections and subject to revision as new data or information becomes available. But, markets may not have heard that ‘grain of salt’ part as prices have been running ever since that Wednesday meeting. Probably the most noticeable shift so far has been in the US Dollar, which has moved up by as much as 2.73% over the past week.
As I had shared in the Tuesday webinar, my bias was for US Dollar strength even despite having a longer-term bearish bias. The big challenge for bears over the past month has been a huge spot of confluent support around the 90.00 handle on DXY. This is the same zone that stalled the sell-off at the beginning of this year and after coming back into play in mid-May, a similar effect began to show.
US Dollar Talking Points:
Advertisement
With the FOMC now in the rearview mirror we can say that this is one of the FOMC rate decisions that brought some element of volatility. The bank took on a tone that was a bit more hawkish than what many were looking for. This may have been discounted to a degree during the press conference when Jerome Powell urged to take the dot plot ‘with a big grain of salt.’
To be sure this wasn’t the first time that we heard Chair Powell attempt to shift the market’s focus away from the Fed’s interest rate projections. Because, after all, they’re mere projections and subject to revision as new data or information becomes available. But, markets may not have heard that ‘grain of salt’ part as prices have been running ever since that Wednesday meeting. Probably the most noticeable shift so far has been in the US Dollar, which has moved up by as much as 2.73% over the past week.
As I had shared in the Tuesday webinar, my bias was for US Dollar strength even despite having a longer-term bearish bias. The big challenge for bears over the past month has been a huge spot of confluent support around the 90.00 handle on DXY. This is the same zone that stalled the sell-off at the beginning of this year and after coming back into play in mid-May, a similar effect began to show.
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On this note we are offer our signals plans for $30 monthly and $150 for lifetime in the next 48 hours , this offer will be off.
Also we are creating portfolios for investors and minimum investment is $500 . Don't be left out, join others and make money 💰💰💰, learn forex too.
⚠️⚠️⚠️ Mode of Payment is strictly on 🌀 BITCOIN and 🌀 ETHEREUM ONLY.
Don't bother chatting admin if you are not paying with the above mentioned Payment method.
Contact admin now to get started @rosefx03