Test sees a bounce in the GBPUSD pair
The GBPUSD also fell on the initial reaction from the FOMC decision. That fall took the price down to new session lows. However, the 100 hour moving average 1.28485 stalled the fall. The price currently trades at 1.2868 off that MA level.
On the topside the pair remains below its 200 hour moving average at 1.28835. The price action today (and yesterday) saw that moving average broken on a few occasions. However, the high prices from yesterday and again today stalled at 1.29043 area (double top).
If the pair squeezes to the upside, it will need to extend above both the 200 hour moving average and the 1.29043 double top.
