The GBP/USD pair went back and forth during the session on Tuesday, hovering at the 1.59 handle. The resulting neutral candle suggests that this market is simply going to sit still until the Federal Reserve makes its decision, something we will more than likely see over the next couple of days and most dollar denominated pairs. That being said, we are not facing any trade at this moment, and waiting to see if we can break above the 1.60 handle, which of course is a very bullish sign, or selling below the 1.5750 handle.
Written by FX Empire