Fomc Meeting Minutes

GBP/USD has pushed decisively above the 1.3400 area, turning a long watched resistance zone into a potential support area. Traders are now weighing whether the pair can extend toward 1.3489 and the 1.3500 round number or slip back into choppy trade below the breakout level.

The US Dollar Index held near 101.04 ahead of the FOMC meeting minutes, with traders watching whether the Fed signals continued caution on inflation. EUR/USD defended 1.1418 while GBP/USD hovered around 1.3360 as policy divergence between the Fed, ECB and BoE kept major pairs in focus.

Gold opened the week with a bullish gap and briefly reached $4,200 per ounce, its strongest level in two weeks, before renewed selling pressure pulled prices toward $4,145. The market remains caught between a short-term recovery attempt and a broader medium-term bearish structure as traders monitor FOMC minutes and US rate expectations.