What’s the Probability of an End of Week S&P 500 or GBPUSD Break?

We are coming to the end of the week and a bookend of notable event risk stands between us and the weekend. With the S&P 500 and Dollar based majors carving out historically narrow ranges, there is some potential for breakouts. However, look closely at the statistical ranges and think hard on the weight of the FOMC.

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