GBP/USD Focuses on FOMC Press Conference Amidst Key Data Releases

Today, although the UK will release its manufacturing PMI, the focus on the currency pair will be on the FOMC press conference tonight and other important data releases throughout the day. Despite breaking above the 200-day moving average and trend resistance level around the 1.2555-1.2565 range, the pair couldn't sustain the move, facing selling pressure yesterday. In upward movements, this level will continue to act as resistance, with 1.2610 and 1.2670 levels positioned above it. On the downside, the initial support point would be 1.2450. If breached, attention would shift to the 1.2400 level, with 1.2360 below this region.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2670	1.2610	1.2560	1.2450	1.2400	1.2360