While the FOMC held rates overnight in a widely expected decision, another policy announcement coming up from the BoE today looks like a close call to us. https://loom.ly/VI8obYw #fomc #fed #federalreserve #dollar #sterling #gbp #boe #fxmarkets #foreignexchange #financialservices #fxtraders
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The GBP/USD had a disastrous week recently. Not only did it fail to break through its long-term downtrend from 2007, but it also fell short at its 55-month moving average and its 200-week moving average. Additionally, it failed at the top of a 6-month range and charted an outside week to the downside, with last week’s range encompassing the previous week’s range and closing below the prior week’s low. It now looks set to slide to the base of the range around 1.23. #gbpusd #sterling #technicalanalysis #forex #trading
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