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GBPUSD analysis. Key levels!
British Pound / U.S. Dollar
Long
GBPUSD analysis. Key levels!
By ForexTrendline
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Jun 17, 2021
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Jun 17, 2021
GBPUSD reached 1,40. At the same time EURUSD is at 1,20
After the FED interest rate decision yesterday, we saw a stronger USD
and a sharp drop on both these pairs, which took price to their support levels.
Right now those moves could continue to the next possible levels,
but we expect it to end and therefore price will reverse and go back to the upside.
We suggest that you don't enter short but look for a trend reversal on the lower timeframes with a long bias.
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