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GBP/USD Price Throwbacks as DXY Loses Altitude Ahead of FOMC

Started by forex4you, Apr 30, 2022, 06:43 am

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Apr 30, 2022, 06:43 am
GBP/USD Price Throwbacks as DXY Loses Altitude Ahead of FOMC

The GBP/USD pair rebounded, but the throwback could be temporary. False breakouts above 23.6% could announce a new sell-off. The FOMC could boost the greenback on Wednesday. The GBP/USD price rebounded in the short term as the DXY's retreat punished the USD. Technically, a temporary throwback was somehow expected after its massive drop. It could … Continued


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