GBP/USD Eyes Fresh Increase, Fed Rate Decision Next

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-gbp138.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-gbp138.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/03/f-gbp138-600×400.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Key Highlights GBP/USD is holding the 1.2620 and 1.2600 support levels. A key declining channel is forming with resistance near 1.2700 on the 4-hour chart. EUR/USD extended losses toward 1.0800 and remains at risk of more downsides. The Fed interest rate decision is scheduled today (forecast 5.5%, versus 5.5% previous). GBP/USD Technical Analysis The British […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/537619-gbp-usd-eyes-fresh-increase-fed-rate-decision-next/">GBP/USD Eyes Fresh Increase, Fed Rate Decision Next</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>