GBP/USD saw a reaction higher to the yesterday's Fed interest rate decision, as the US dollar got bearish momentum by a statement that didn't give major hints about the current situation on the national economy, in addition to the unchanged rates. Next resistance can be seen at the 1.3266 level and if the pair breaks it, then we can see a rally towards the 1.3375 level.
H1 chart's resistance levels: 1.3266 / 1.3375
H1 chart's support levels: 1.3148 / 1.3076
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3266, take profit is at 1.3375 and stop loss is at 1.3155.
The material has been provided by InstaForex Company - www.instaforex.com