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   “¢   The post-FOMC USD up-move gets an additional boost after today’s US macro data.
   “¢   Brexit uncertainties kept the GBP bulls on the defensive and added to the pressure.

The GBP/USD pair held on to its weaker tone through the early North-American session and is now headed towards the lower end of its daily trading range.  

Against the backdrop of a hawkish assessment of the latest FOMC statement, the US Dollar positive momentum picked up pace after the final US Q2 GDP growth figures confirmed the preliminary estimate of 4.2% annualized pace, the strongest in 4 years.

This coupled with a stronger than expected jump in durable goods orders offset a slight disappointment from core durable goods orders, initial weekly jobless claims and goods trade balance data, coming in to show an unexpected rise in deficit to $75.83 billion in August.  

The USD positive momentum seemed rather unaffected by the prevalent weaker tone surrounding the US Treasury bond yields, with increasing odds for a no-deal Brexit further collaborating towards keeping the GBP bulls on the defensive.  

Next of relevance would be scheduled speeches by the BoE Governor Mark Carney and the Fed Chair Jerome Powell, which might infuse a fresh bout of volatility in the FX market and eventually provide some meaningful trading opportunities.

Technical levels to watch

The 1.3100 handle might continue to protect the immediate downside, which if broken might turn the pair vulnerable to extend the slide further towards 1.3055 horizontal support. On the flip side, the 1.3150-55 region now becomes an immediate hurdle, which if cleared might trigger a short-covering bounce and help the pair to make a fresh attempt towards reclaiming the 1.3200 handle.