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Despite many events on the fundamental and especially geopolitical side there is not much to look at in terms of potential setups in my book. Looking at the week ahead FOMC meeting on Wednesday is very likely to create volatility across the major FX pairs, therefore will have to wait and see till the new setups will emerge within the week. To get more updates you can always subscribe your email to more insights with more in depth analysis by clicking the button on the left.

The only setup that is currently under my radar is shaping up @1.66's level on GBP/USD pair. This level pretty much lines up with 0.382 fib retracement of last major move to the upside. On caution side there has been at least 2 false breakouts on 4 hour chart already stating that the pressure for this level is increasing. Daily chart present much cleaner picture around this level. Going long from this even handle number would be very much with prevailing uptrend on the higher time frames, see the chart below.

 Have a good one traders!