1.27-First resistance level (GBP/USD)
1.27 is a pivot level. I would look for that level to hold on first touch.
On the downside, I would look for the 100 & 200 HMA ( see chart) to provide initial support.
I would keep my positions light and stops tight until after the FOMC announcement on Wednesday.
On the downside, I would look for the 100 & 200 HMA ( see chart) to provide initial support.
I would keep my positions light and stops tight until after the FOMC announcement on Wednesday.
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