FX.co ★ dusty24 | GBP/USD

GBPUSD Н1 timeframe suggests that the market remains bearish in the long term. The correction that started yesterday is a fact, and last week there was a deeper bounce towards the trend line. It all ended with the pound hitting three-month lows. Today, most likely, we will see the correction ceiling forming around 1.3330, and we will wait for the Fed meeting tomorrow. A hawkish stance is expected, with a rate cut only in September by the Fed, which is in favor of the dollar.