The Pound
versus the Dollar has been very volatile during today’s session around the
1.6000 round number and psychological level, after the big drop that it
suffered yesterday after the FOMC’s statement. We were expecting this level to
be a strong support for the pair, but the price has tried to break it to the
downside. However, The pair has not managed to stay below the 1.6000 level and
it has even been above the level on occasions. From this point on there are no
clear entries and the best thing to do is to wait to see how it reacts tomorrow
and how it ends the week.
The FOMC statement certainly provoked a lot of volatility on the market.
ReplyDeleteWell spotted! I'll keep it in mind.
ReplyDeleteThis analysis is very useful!
ReplyDeleteInteresting, I will keep an eye on it, thanks.
ReplyDeleteVery nice information, thank you very much.
ReplyDeletegreat point of view
ReplyDeleteGood advice.
ReplyDeleteI will keep eye on it.
ReplyDelete