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GBP/USD – bearish break on hourly.. But don’t forget Fed

FX_IDC:GBPUSD   British Pound / U.S. Dollar
Resistance – 1.4617-1.4639, 1.4669, 1.47

Support – 1.4546, 14500, 1.4472

Here we have a bearish break from rising channel on the hourly chart. That means doors are open for a drift lower to hourly 50-MA level of 1.4546. A break lower would expose 1.45 handle.

However, we should not forget Fed. The odds of Fed maintaining dovish stance intact are high.

Hence, another attempt at 1.4617-1.4636 cannot be ruled out.

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