100 pip drop on the GBP/USD

The Dollar strengthens today after the FOMC Statement release, where the language used by the FED officials indicated that quantitative easing is over and that interest rates may go up sooner than expected. That is why we see the GBP/USD drop from the 1.6100 zone to the 1.6000 zone. On the one hour chart we can see that once the price broke down the 1.6100 level and the 200 EMA, the bearish momentum accelerated taking the pair close to the 1.6100 level.