If the GBPUSD spikes lower following the Fed release, then look for support near 1.9470. This would present a bullish opportunity against 1.9364.
If the GBPUSD spikes lower following the Fed release, then look for support near 1.9470 (this is the 6/17 low and should be defended by triangle support.). Expectations are for wave E of the triangle to unfold and end near 1.9850/1.99 before the longer term decline resumes.
