Preferred direction: Neutral
Comment: Today the price has already dropped to the level of 1.23500, but the instrument was bought back, and now the buyer is considering a move to 1.25000. The only obstacle is the Fed meeting, and that's a potential one. There is a high probability of an upward impulse and at the release of the interest rate the pound will jump to the specified target. Whether the instrument will gain a foothold there can only be determined after the close of the day.
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Comment: Today the price has already dropped to the level of 1.23500, but the instrument was bought back, and now the buyer is considering a move to 1.25000. The only obstacle is the Fed meeting, and that's a potential one. There is a high probability of an upward impulse and at the release of the interest rate the pound will jump to the specified target. Whether the instrument will gain a foothold there can only be determined after the close of the day.
Thank you for like and share your views!
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