GBP/USD is currently pulling back up and correcting the Boris Johnson-inspired selloff. Support is now seen at 1.2210, 1.2190 and 1.2165 levels. The FOMC at 18:00 GMT can lead to high volatility on the Cable. GBP/USD daily chart Cable is correcting the losses triggered by UK PM Boris Johnson in the early part of the week. A no-deal Brexit sent the Pound down across the board. Later on this Wednesday at 18:00 GMT, the FOMC meeting can spark high volatility. The Federal Reserve is widely expected to cut 25 bps. The market will pay close attention to Fed’s Chairman Powell comments at 18:30 during the press conference. GBP/USD 4-hour chart GBP/USD is trading above 1.2216 resistance and Wednesday high. The correction up could extend towards 1.2266 and 1.2291, according to the Technical Confluences Indicator. GBP/USD 30-minute chart Cable is above the 50/100 SMAs, suggesting a pullback up in the short term. Support can be located at 1.2210, 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 Fed press conference: Chairman Jerome Powell speech live stream – July 31 FX Street 4 years GBP/USD is currently pulling back up and correcting the Boris Johnson-inspired selloff. Support is now seen at 1.2210, 1.2190 and 1.2165 levels. The FOMC at 18:00 GMT can lead to high volatility on the Cable. GBP/USD daily chart Cable is correcting the losses triggered by UK PM Boris Johnson in the early part of the week. A no-deal Brexit sent the Pound down across the board. Later on this Wednesday at 18:00 GMT, the FOMC meeting can spark high volatility. The Federal Reserve is widely expected to cut 25 bps. The market will pay close… 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.
