r/forex-news

Seeing some serious resistance around 1.0900. With Powell's hawkish stance expected tomorrow, I think we could see a decent pullback. Looking for a break below 1.0850 confirmation. CPI data was hotter than expected, giving the Fed more room to be aggressive.

NFP came in much higher than expected, giving the dollar a boost, but $GBPUSD has shown surprising resilience above 1.2700. Is this a temporary dip or a sign of underlying weakness?