• GBP/USD edged higher on Wednesday as investors shifted their focus to the outcome of the Federal Reserve's policy meeting later in the session and to upcoming economic data..
• The Federal Reserve is expected to leave interest rates unchanged at its policy meeting later on Wednesday.
. Markets will be paying attention to Fed Chair Jerome Powell's remarks for more cues on the rate path.
• The Bank of England is expected to cut borrowing costs on August 7 for the fifth time since August last year.
• At GMT 12:00,the Pound was up 0.19% at 1.3375 against dollar.
• Immediate resistance is located at 1.3481(SMA 20), any close above will push the pair towards 1.3523(38.2%fib)
• Strong support is seen at 1.3316(50%fib) and break below could take the pair towards 1.3253(Lower BB).
Recommendation: Good to buy around 1.3390 with stop loss of 1.3460 and target price of 1.3320


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro:EUR/NZD gains some ground but outlook is bearish
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
Gold Tumbles Below $4400 Amidst Hawkish Fed Signals: Sell Rallies for Targets Near $4200
FxWirePro: GBP/USD cedes early gains ,outlook bearish
FxWirePro: USD/CNY hovers near 3 -1/2 year low , outlook bearish
FxWirePro- Woodies Pivot (Major)
Major Pair Currency Scores: USDCHF Leads as Bullish Contender and major levels to watch
JPY Major Currency Scores: USDJPY and GBPJPY Lead Bullish Trend
FxWirePro- Major Pair Currency Score (AUDUSD Bullish)
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: USD/CAD downside pressure builds, key support level in focus
AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation 



