GBPUSD Trades Mixed Ahead Of Fed Meeting

gbpusd

The British pound sterling is trading mixed on Tuesday with price action driven by fundamentals.

Influencing the dollar is of course the expectations from the Fed meeting while Brexit talks are playing a role on the GBP.

For the moment, the hidden divergence on the 4-hour chart could suggest a near term pullback.

The declines, if any, could see the cable testing the 1.2750 handle.

To the upside, price action will need to strongly breakout from the current highs in order to test the 1.3000 handle.

Won't your trader friends like this?
Orbex
About the Author
“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

Leave a Reply

*