GBP$ off early NorAm low closing NY -0.17% at 1.2030; NY range 1.2055-1.1965

Pair moved successively lower from Asia session high 1.2090

Fed +75bp Wednesday in focus; GBP traders unsure of +25 or +50 at Aug 4 MPC

GBP$ needs help from the Fed, BoE to make run at mid-June high nL1N2Z715N

Res at 1.2083, 50% Fib of 1.2405-1.1761 bruised but intact on closing basis

Above Tues high 1.2090 eyes Jul 5 high 1.2126, 1.2214 50% of1.2667-1.1761

Support at 10-DMA 1.1961 then Jul 18 low 1.1864

EUR/GBP falls 0.74% to 0.8419, Tues range 0.8491-05; EZ recession fears weigh on EUR