We may see dollar retracement as FED has turned to hawkish and stated the FED will not either decrease or increase the rate until it sees a really significant rise in inflation. Also, DXY is approaching major buy area =supported by uptrendline= around 96.60-96.80 which supports GBP short idea.
Entry: 1.30000 + - 10
SL : above supply zone
Entry: 1.30000 + - 10
SL : above supply zone
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.