- GBP/USD fell 60 pips from the 1.1800 resistance as the FOMC decided to raise the target for Fed funds rate by 25bp.
- Technically GBP/USD is still trading in the tight range of the last few days. Bears objective is to breakout below the 1.3300 key support level in order to target 1.3200 which is the low of 2018.
GBP/USD 15-minute chart
Spot rate: 1.3329
Relative change: -0.34%
Trend: Bearish below 1.3400
Resistance 1: 1.3400 figure
Resistance 2: 1.3590 daily 200-period simple moving average
Resistance 3: 1.3700 figure
Support 1: 1.3344, daily 10-period SMA
Support 2: 1.3300 key support
Support 3: 1.3254 June 1 swing low
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.