There are many including major Banks calling GBPUSD to drop sub 1.46 which I think either is intended to trap many bears or are completely wrong about there assessment. The low around 1.48 I believe is significant and it appears to be in very uptrend (this is in harmony with my expectation on DXY with implication on all USD pairs see chart
). If that is correct then we are in strong wave iii of 3. Wave 3 is know to extend and could actaully project lot higher than I have shown in my chart. But the expectation is that after the FOMC announcement GBO along with most USD pairs will get traction as they post significant gains Vs USD.
