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GBP/USD Forecast: Pressuring into Fib resistance ahead of FOMC decision

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair rallied on Tuesday as the oversold Sterling cheered the rally in oil prices and the resulting stability in the risk sentiment. The pair ran into a resistance at 1.4351 (23.6% of 1.5230-1.4079) and failed to take out the same in Asian session today. The pair currently trades around 1.4340 and awaits the FOMC rate decision. The Fed rate decision impact on the GBP/USD and EUR/USD, USD/JPY is discussed here Macro Scan ) & ( FOMC Meeting Forecast ) Technicals – awaits Inverted

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