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  • USD/CAD set a fresh September high on Monday and yesterday prices snapped back to a key support zone more than 200 pips away. Get your $USDCAD market update from @JStanleyFX here:https://t.co/szxH78QjVR https://t.co/pXAv4hZdn9
  • A noticeable move lower in EUR/GBP as the Bank of England strikes a slightly more hawkish tone $EURGBP https://t.co/tiiv3x0dM2
  • $SPX Daily. . . Before & After #FOMC . . . https://t.co/yXrFqH6mHx https://t.co/pT33kiYiXg
  • A big move in the US 10-year Treasury yield following yesterday's FOMC meeting. Resistance around 1.38% was broken easily, with the 10Y settling around 1.43% $ZN $ZB https://t.co/k6eht1IkXG
  • The Bitcoin plunge turned off near-term downtrend support and while we could see more recovery in the short-run, the risk remains lower while within this formation. Get your $btc market update from @MBForex here:https://t.co/Vf94gjIqhx https://t.co/nqhU8Ve5mx
  • The Central Bank of the Republic of Turkey ended its monetary tightening cycle will a surprise 100-bps rate cut on Thursday. Get your market update from @CVecchioFX here:https://t.co/zbhiBmUKiO https://t.co/AYxFnqB7ou
  • Risk on sentiment has buoyed AUD/USD, with the cross trading back above 0.7300 $AUDUSD https://t.co/Bx5MOuIgDb
  • The morning after the Fed has produced some robust moves in markets, with both stocks and bonds putting in a notable leap. Get your market update from @JStanleyFX here:https://t.co/7sQ4d63PLM https://t.co/vfrKuhDUce
  • Gold trades back down to $1,750 as US real yields tick higher $XAUUSD #Gold https://t.co/yMtnYCBsaa
  • Canadian Dollar Price Forecast: USD/CAD Snaps Back to Key Support https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/09/23/Canadian-Dollar-Price-Forecast-USD-CAD-USDCAD-Snaps-Back-to-Key-Support-Zone.html $USDCAD https://t.co/BGiAkAI3zy
British Pound Forecast to Trade Lower versus US Dollar

British Pound Forecast to Trade Lower versus US Dollar

David Rodriguez, Head of Product
ssi_gbp-usd_body_Picture_12.png, British Pound Forecast to Trade Lower versus US Dollar

GBPUSD – An aggressive shift in forex trading crowd sentiment suggests the British Pound may have set a noteworthy top and our technical forecast accordingly calls for further GBP declines.

Trade Implications – GBPUSD: Our sentiment-based trading strategies have done well trading the GBPUSD through recent months—first buying into impressive rallies and most recently selling into the reversal. Past performance is not indicative of future results, but we believe that the next Momentum2 GBPUSD short position is attractive as long as we remain below recent highs above $1.57.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_gbp-usd_body_Picture_7.png, British Pound Forecast to Trade Lower versus US Dollar

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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