GBPUSD Price Action – Bearish Below Key Resistance | Mar 30

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GBPUSD – Bearish Below Key Resistance at 1.4985 (4hr chart)
The cable like the Euro has yet to have a daily close above the FOMC spike highs. Today the pair mildly sold off so we may see another test of the key resistance at 1.4985 which I’d be open to selling at.

Only a daily close above here and the FOMC Spike highs changes the bearish outlook. Downside targets remain 1.48 and 1.47.

gbpusd

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