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GBPUSD
Short Entry 1.3654 2025-09-17 21:03 UTC
Target 1.3300 Fail 1.3780
Risk/Reward 1 : 3
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GBPUSD
Forex
Technical
1H
Analysis Predict Range Market
The analysis focuses on DXY, EURUSD, and GBPUSD, prior to the FOMC. The DXY is sitting at the 2011 channel support around 96.60. A breakdown below 96.60 may indicate the price target to 95.00, while the failure to break may target $99.80. EURUSD is pressuring a channel high around 1.1880, with resistance up to 1.1910; support may be found near a trend line at 1.18, while a failure to break would target 1.1440. GBPUSD is above 1.3580 and rallying, a breakout above 1.3700 may lead to 1.3800 but this analysis does not look like this will occur and prefers to play between 1.3700 as resistance, and 1.3300 as support.
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