GBP/USD After FOMC Opportunity
|Currently we are @ 1.3033 as the pair positions itself prior to FOMC. Two scenarios: Bullish: a bounce will target the 1.3150 area based on its ATR. 2: Bearish: A breakout here would set up a nice move to the support/psychological number @ 1.2900 area. The average daily true range (ATR) for the pair currently is 88 pips.
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