Open trading account 
Following decent UK labour market figures and then later slightly weaker than expected US inflation report, Cable rose a cent and a half on the day with the daily range of two cents. The pair took stops above 1.55 up to 1.5530 before pulling back and stalling ahead of 50 and 100 DMA.
1.5520 - 1.5530 (High Of Day, 50 DMA, 100 DMA, Previous Day High) is the initial resistance before 1.5545 - 1.5570 (Weekly Resistance 1, 50's, 61.8% retracement of the September 4th to September 10th upswing, Daily Resistance 1). Support is seen at 1.5475 (Previous Week High, Monday high) and then at 1.5450 - 1.5460 (Tuesday high, Daily Pivot Point, 50's).
The long awaited September FOMC meeting concludes today with Federal Funds Rate, Statement and Economic Projections released at 18:00 GMT and Press Conference scheduled for 18.30 GMT. Depending on the outcome, the pair may show no respect whatsoever to shorter-term technical levels.
1.5520 - 1.5530 (High Of Day, 50 DMA, 100 DMA, Previous Day High) is the initial resistance before 1.5545 - 1.5570 (Weekly Resistance 1, 50's, 61.8% retracement of the September 4th to September 10th upswing, Daily Resistance 1). Support is seen at 1.5475 (Previous Week High, Monday high) and then at 1.5450 - 1.5460 (Tuesday high, Daily Pivot Point, 50's).
The long awaited September FOMC meeting concludes today with Federal Funds Rate, Statement and Economic Projections released at 18:00 GMT and Press Conference scheduled for 18.30 GMT. Depending on the outcome, the pair may show no respect whatsoever to shorter-term technical levels.
