The British pound has been stuck in a medium term range for 6 months since May and has not moved to any direction. While this could mean that the range could just keep on going and fakeouts are more likely there is a possibility of a short term surge higher if we brake the 1.55 level. This is supported by a bullish divergence
in the RSI
which is pointing to higher prices. This alone means nothing, but a price surge higher could confirm this. So be for a lookout for higher prices in case we see a break over 1.55.