GBPUSD Trades Mixed Ahead Of Fed Meeting

Wednesday, 16/09/2020 | 14:16 GMT-0

Disclaimer

The British pound sterling is trading mixed on Tuesday with price action driven by fundamentals.

Influencing the dollar is of course the expectations from the Fed meeting while Brexit talks are playing a role on the GBP.

For the moment, the hidden divergence on the 4-hour chart could suggest a near term pullback.

The declines, if any, could see the cable testing the 1.2750 handle.

To the upside, price action will need to strongly breakout from the current highs in order to test the 1.3000 handle.

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Source: https://www.orbex.com/blog/en/2020/09/gbpusd-trades-mixed-ahead-of-fed-meeting

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