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British Pound
Today I would not expect anything special from the market if not for the fact that the FOMC statement is ahead of us, which will certainly cause unnatural movement in the markets. Bearing in mind that the last local highs have not been broken, we remain in a downward trend, and the market should still be considered as such. If the price breaks the marked level then I will expect a correction higher where the dotted line is. However, at the moment I have a short position on this instrument myself and I will hold to 1.3800x where I will decide what to do next. In the absence of a rebound signal, the position will probably be closed before the FOMC.
