GBP/USD a critical watch on BoE and Fed week
It is a critical week for GBP/USD traders as we have both the Bank of England and the Federal Reserve central bank meetings. At the time of writing, GBP/USD is moving sideways in a consolidated market, hugging a bullish 200 EMA channel, albeit pressured by a firm US dollar as investors survey the conditions of the market’s risk profile.
GBP/USD, Chart of the Week: Bullish near-term, bearish longer-term
GBP/USD will be a focus this week considering the Bank of England as well as the Federal Reserve critical interest meetings. The following is a top-down analysis that arrives at a longer-term bearish bias towards the 1.34 areas, albeit with near-term bullish prospects on the daily chart for the sessions ahead.
