ForexTrendline

GBPUSD analysis. Key levels!

Long
FX_IDC:GBPUSD   Britisches Pfund / US-Dollar
GBPUSD reached 1,40. At the same time EURUSD is at 1,20


After the FED interest rate decision yesterday, we saw a stronger USD
and a sharp drop on both these pairs, which took price to their support levels.

Right now those moves could continue to the next possible levels,
but we expect it to end and therefore price will reverse and go back to the upside.

We suggest that you don't enter short but look for a trend reversal on the lower timeframes with a long bias.

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