The FOMC rate decision in June is what finally helped USD bulls to take a big step forward and from the weekly chart, that move is still quite evident although it started to stall shortly after running into the Fibonacci level at 101.80.
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GBPUSD also managed to retreat below 1.3320 which may add more drop pressure over market As we see over the Daily chart a possible triangle formation may hold market inside 1.3140-80 support and 1.3480 resistance Below 1.3140 more drops is likely SUPPORT RESISTANCE LEVEL1 1.3300 1.3400-30 LEVEL2 1.3160 1.3555 LEVEL3 1.3010 1.3655
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GBPUSD managed to pass above the resistance of 1.3430 to meet the target of 1.3510 and above. As we see from the chart, a chance for a trading zone between support 1.3320-50 and resistance 1.3555 could hold the market.
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