GBP/USD drops about 60 pips as the Federal Reserve cuts rates by 25 bps. GBP/USD is challenging 1.2200 while within its daily range. GBP/USD daily chart GBP/USD drops about 60 pips from the daily highs. The Federal Reserve cuts rates as expected by 25 bps. GBP/USD 4-hour chart GBP/USD is trading just above 1.2190 support. If the market breaks below the level, the next supports on the way down are seen at 1.2165, 1.2133 and 1.2100 according to the Technical Confluences Indicator. GBP/USD 30-minute chart Cable is trading above the 50/100 SMAs, suggesting a retracement up in the short term. Resistances can be located at 1.2210 and 1.2263, 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 USD/CHF hits 2-day highs on Fed rate cut and retreats FX Street 4 years GBP/USD drops about 60 pips as the Federal Reserve cuts rates by 25 bps. GBP/USD is challenging 1.2200 while within its daily range. GBP/USD daily chart GBP/USD drops about 60 pips from the daily highs. The Federal Reserve cuts rates as expected by 25 bps. GBP/USD 4-hour chart GBP/USD is trading just above 1.2190 support. If the market breaks below the level, the next supports on the way down are seen at 1.2165, 1.2133 and 1.2100 according to the Technical Confluences Indicator. GBP/USD 30-minute chart Cable is trading above the… 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.
