Investors slashed bets on the possibility that the Fed will raise interest rates by 75 basis points for a third consecutive time to help tame decades-high inflation when it meets in September after a report on Wednesday showed U.S. consumer prices were unchanged in July

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

12 Aug 22 (Fri)

03:55 am