Looking at GBPUSD’s chart, we can see its downward trend and its 52W low at the rate of 1.12105 whereas currently, it is reacting at the level of 1.1255.

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Last night, Fed announced an interest rate increase of another 0.75% which boosted the US Dollar and dropped the FX pair of GBPUSD to new lows. As the 0.75% was expected and fully priced in, today we could expect an upward reaction towards its resistance level at around 1.1340.

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