GBPUSD FOMC AFTERMATH 23.09.2021
FOMC Statement and Federal Funds Rate announcement took place yesterday at 21:00 EEST. It was decided that the rate stays at <0.25%, The market for GBPUSD found support at 1.360.
This was a long fall and we are nearly at the end of the trading week. A retracement is possibly at hand.
Beware of the breakout upwards when the market passes level 1.369 to reach finally at 1.3730
This is considered a risky retracement though since the fall is not intraday and it might take long, perhaps until the start of the next week to finalize with the reversal/retracement.
This was a long fall and we are nearly at the end of the trading week. A retracement is possibly at hand.
Beware of the breakout upwards when the market passes level 1.369 to reach finally at 1.3730
This is considered a risky retracement though since the fall is not intraday and it might take long, perhaps until the start of the next week to finalize with the reversal/retracement.