GBPUSD Finding Support - Potential Buy

Taking a look at the 1hr chart, price action is attempting to break above 50 with RSI which is the grey dotted line. Should we break and hold above 50, expect further bullish momentum towards the descending channel resistance.

Knowing the fact that we have another interest rate decision from the Fed on Wednesday, I wouldn't expect a channel breakout until after that risk event.

For that reason, I have my first target placed at the channel resistance but overall my intuition is telling me we'll likely get a bullish breakout following the FOMC.