GBP/USD Forecast. Dollar Gains Ground Ahead Of Fed Decision

GBP/USD Is Losing Ground As Traders Wait For Powell’s Comments

GBP/USD is losing some ground amid profit-taking. RSI remains in the moderate territory, and there is plenty of room to gain momentum in case the right catalysts emerge.

The nearest support level for GBP/USD is located in the 1.2935 – 1.2950 range. A move below the 1.2935 level will push GBP/USD towards the support level at 1.2810 – 1.2830.

GBP/USD 4h Chart