GBP/USD is correcting the Boris Johnson-inspired selloff. Immediate support can be seen at 1.2190 and 1.2165 levels. The FOMC meeting at 18:00 GMT can spark high volatility on the Cable. GBP/USD daily chart Cable is correcting some of the losses triggered by UK PM Boris Johnson in the first two days of the week. The prospect of a no-deal Brexit sent the Pound down across the board. Later on at 18:00 GMT, the FOMC meeting can cause high volatility. The Federal Reserve is expected to cut 25bps. The market will pay close attention to Fed’s Chairman Powell comments. GBP/USD 4-hour chart GBP/USD broke above 1.2216 resistance as it is challenging the Wednesday high. The correction up can extend towards 1.2266 and 1.2291 according to the Technical Confluences Indicator. GBP/USD 30-minute chart Cable is trading above the 50/100 SMAs suggesting a correction up in the short term. Support can be seen at 1.2190, 1.2165, 1.2133 and 1.2100 according to the Technical Confluences Indicator. Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD fails near 0.6900 handle, eases from tops as FOMC decision looms FX Street 4 years GBP/USD is correcting the Boris Johnson-inspired selloff. Immediate support can be seen at 1.2190 and 1.2165 levels. The FOMC meeting at 18:00 GMT can spark high volatility on the Cable. GBP/USD daily chart Cable is correcting some of the losses triggered by UK PM Boris Johnson in the first two days of the week. The prospect of a no-deal Brexit sent the Pound down across the board. Later on at 18:00 GMT, the FOMC meeting can cause high volatility. The Federal Reserve is expected to cut 25bps. The market will pay close attention to Fed's… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
