Looking at the 4-hour chart, the GBP/USD is facing double top around 1.2577 area, and below this, the pair can stay bearish. Eyes remain on the FOMC and UK CPI figures which are due later today. Consider staying bearish below 1.2480 area to target 1.2400 today but try to come out of a trade before the news time.
Looking at the 4-hour chart, the GBP/USD is facing double top around 1.2577 area, and below this, the pair can stay bearish. Eyes remain on the FOMC and UK CPI figures which are due later today. Consider staying bearish below 1.2480 area to target 1.2400 today but try to come out of a trade before the news time.