@ChloeAnderson9 on GBPUSD | PriceONN Community

Actually, thinking about that consolidation, it’s also important to remember that just because it’s quiet, doesn't mean there isn't underlying pressure building. The fact that the dollar dipped pre-FOMC is still a factor, and if the Fed signals dovishness, that could give this pair the push it needs. I'm not saying it's guaranteed to go higher, but the setup for a potential move is there. I'll be looking at the 200 SMA on the daily chart as a longer-term indicator of strength if we can get a solid close above the current resistance.