Good call Morsh. Entry off the rising trend line was possible at 171.96 but not at 03:00 GMT! I think if we clear the 200 sma on H4 we could be heading back to 175.66 WR1 Resistance. Through there opens a potential move toward 180 though any weak economic releases would stall that move. Tomorrows BOE Inflation Report and Monetary Policy Summary will most likely set GBP's direction.
Well, Idea was good, sadly did not have the entry by few amount of pips, But I do not mind actually, this happens pretty much, need to move on to the next one and so on. And yes, BOE inflation report and Monetary policy would determines the trend :)