The pair has shown a decisive breakout above major resistance at 0.8330 on the weekly charts.
Momentum studies are , , Stochs and on the weekly charts support further upside in the pair.
Rising expectations for Bank of England rate (by 25bp) at its August policy meeting adds to pressure on GBP. ECB Draghi's speech later toady will be closely followed for clues.
Good to buy dips around 0.85/0.8475, SL: 0.8330, TP: 0.8625/0.87/0.8770/0.88