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GBP/USD Signal - USD Fed Rate Decision - 28 Jul 2021

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Signal Details
Entry Price: 
1.3867
Take Profit: 
1.3670
Stop Loss: 
1.3934
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPUSD has traded to resistance prior to the USD interest rate decision, which will reveal whether the fed will raise, hold, or lower interest rates. Technically the pair has reached resistance, the RSI has generated a sell signal, and price has rebounded from the upper bollinger band. We anticipate continued downside.

Submitted by Toni H. on Wed, 28 Jul 2021 06:45:30 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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