Technically we are into overbought territory and have a MACD that looks like it really wants to turn up.
Similar setups can be seen on other GBP pairs - e.g GBPNZD.
Expect good news from BOE Gov Carney or some positive update re Brexit which should really turn the tide on the pound.
If no noticeable upside price action prior, we may have to wait until Friday for US data - i.e Jobless claims & durable goods, to be the catalyst here.
Similar setups can be seen on other GBP pairs - e.g GBPNZD.
Expect good news from BOE Gov Carney or some positive update re Brexit which should really turn the tide on the pound.
If no noticeable upside price action prior, we may have to wait until Friday for US data - i.e Jobless claims & durable goods, to be the catalyst here.