• GBP/USD dipped on Wednesday as dollar firmed as investors focused on the Fed’s monetary policy decision.
•The central bank is widely expected to keep rates steady after 100 basis points of easing last year.
• Investors are closely watching Chair Jerome Powell's speech for hints on the future direction of interest rates as the Fed concludes its first policy meeting of the year today.
• Markets will also focus on Friday's U.S. December personal consumption expenditures data, a key inflation gauge.
• Immediate resistance is located at 1.2532(50%fib), any close above will push the pair towards 1.2579(Jan 7th high)
• Strong support is seen at 1.2369(38.2%fib) and break below could take the pair towards 1.2140(23.6%fib).
Recommendation: Good to sell to around 1.2430, with stop loss of 1.2500 and target price of 1.2350


AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
FxWirePro: GBP/AUD falls after BoE rate hold
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
JPY Major Currency Score
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD edges higher but maintains bearish bias
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD neutral in the near term, scope for further upside
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike 



