09:47, 04 марта
The Federal Reserve slashed interest rates by half a percentage point on Tuesday, a bold attempt to give the US economy a jolt in the face of concerns about the coronavirus outbreak. But the pair did not move up strongly even interest rate cut. We still expect that down trend on GBPUSD pair.
The main trend is down for the pair. Any up movements can give a selling opportunities. 1.2850 is the first resistance level for the pair.
Resistance levels: 1.2830 - 1.2850 - 1.2890
Support levels: 1.2800 – 1.2780 – 1.2760