GBP/USD
Yesterday, the British pound closed the day with an increase of 8 points due to an increase of 100 points in the morning. The price did not reach the resistance of the price channel of 1.2270 and moved down from the opening of the US session. The FOMC Fed rate was lowered from 2.50% to 2.25%, but Jerome Powell said that the next steps will entirely depend on the incoming data, and this has sowed investors' doubts about the September decline.
Today, the pound is losing 30 points in the Asian session. The immediate goal is the range of 1.2032/55 (the lower limit of the range of the low on October 7, 2016). Leaving prices below the range opens up targets: 1.1987, 1.1763.
On the four-hour chart, the Marlin oscillator signal line was preserved in the zone of negative numbers, but there was a weak convergence with the price. Today's Bank of England meeting can knock the pound from falling off the track, to increase the correction - the divergence will be effective, the price can overcome yesterday's high with reaching 1.2270. But we are referring to any verbal attacks by the regulator aimed at supporting the pound. But such optimism may not follow. In any case, today or later, we are waiting for the British currency to drop to the designated targets: 1.2032/55, 1.1987.
