INTEREST RATE decision and the possibilities for GBP/USD and EUR/USD

We are still supporting the up movement on GBP/USD however as there is a strong bearish pattern built on daily chart and the FOMC / interest rate decision coming in this evening, we also consider a drop to around 1.2310 – 1.2280 before the pair starts moving strongly up.

Regarding EUR/USD the view has no changed since yesterday`s analysis. A pullback to around 1.0685 – 1.0705 is expected before the pair starts moving to the downside. The main (first target) at the moment we are looking for is 1.04

 

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