FXStreet — The Dollar is moving according to the Fed’s interest rate decision sideways, while the monetary policy remained unchanged. The GBP/USD fell to 1,2899 and then it came to a rest on the 1,2925. Thus, the trading takes place on the level before the report.
As expected, the Central Bank left its target range between 0.75%-1,00%. In the Statement, the FOMC said that it 1. Quarter had come to a slowdown of growth. Repeated, that if the economy as expected, it step interest rate increases will come. There will be no press conference, with Updates to the forecasts.
Resistances lie at 1,2935 (High-1. May), 1,2945/50 (Daily High), 1,2965 (High 28. April) and 1.3000 (psychological level). On the other hand, supports are located at 1,2885 (daily low), 1,2865 (Deep-2. May) and 1,2845 (High-25. April).
** FXStreet News Editorial, FXStreet**