The Fed has hiked its policy rate by 225 basis points since March despite fears the sharp rise in borrowing costs could tip the U.S. economy into a recession.

As long as the GBPUSD pair stays above 1.2159, on a four-hourly basis, we will see the key resistance level at 1.2306. Otherwise, if the price moves down below 1.2159, the next level will be at 1.2010.

Support: 1.2159 -1.2010 - 1.1837
Resistance: 1.2306

11 Aug 22 (Thu)

03:50 am