GBP to USD:
Yesterday, Federal Reserve Chairman Powell once again released a hawkish signal. After a brief dip in the D1 chart, GBP/USD still closed below the support level. From the current point of view, the market is likely to have digested the hawkish remarks of the Federal Reserve Chairman.
The H1 chart price managed to break above the overhead resistance and the price currently has a lot of room to move up. It is recommended to wait for the price to pull back slightly before entering the market.
Order suggestion:
Go long in the low post. Long-term bearish traders can wait for further signals from the Fed.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
