• GBP/USD inched higher on Wednesday after the Federal Reserve said the case has strengthened for a future interest rate increase following a two-day policy meeting.
   
• U.S. Federal Reserve left interest rates unchanged but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improves further.
   
• Currently, the pair is trading at 1.3015 levels, it is set to decline further towards 1.2960 and later 1.2900 levels in the short term.
   
• To the upside, the strong resistance can be seen at 1.3160, a break above this level would expose the cable to next resistance level at 1.3200 levels.
   
• To the downside, strong support can be seen at 1.2945, a break below at this level will open the door towards next level at 1.2873.
  
  Resistance Levels
  
  R1:  1.3043 (Session high)
  
  R2: 1.3091 (Sep 19th high)
  
  R3: 1.3160 (Aug 31st high)
  
  Support Levels
  
  S1: 1.2945 (50% Retracement level)                        
  
  S2: 1.2873 (38.2 % Retracement level)
  
  S3: 1.2800 (Psychological levels)