FxWirePro: GBP/USD remains bullish as rally continues
GBP/USD inched higher on Tuesday as dollar attracted seller ahead of Federal Reserve policy meeting. The Fed is expected to hold interest rate unchanged at the meeting starting on Tuesday, but investors will be keeping a…
GBP/USD inched higher on Tuesday as dollar attracted seller ahead of Federal Reserve policy meeting. The Fed is expected to hold interest rate unchanged at the meeting starting on Tuesday, but investors will be keeping a close eye on Feds assessment of US economy.
The Sterling was also boosted by expectation that Britain will vote to remain as member of European Union.
Currently the currency pair is trading at 1.4615 levels, it is set to advance further towards 1.4650 later towards 1.4680 levels in the short term.
To the upside, the strong resistance can be seen at 1.4641, a break above this level would expose the cable to next resistance level at 1.4692 levels.
To the downside strong support can be seen at 1.4548, a break below at this level will open the door towards next level at 1.4490.
