GBPUSD currently in over 50pips profit. DXY seems to be rejecting from the january 2017 highs as expected & GBP INDEX has been respecting the trendline and is showing signs of bullish pressure which should also push GBPUSD higher. Price is currently being held down by the 50 day EMA on the 2 hourly chart, once we get a close above; i believe price will make way to TP soon after. Call out in the "related idea" section below + in the group ( link below)
@RLinda thankyou. In the group we ended up taking profits twice on this as its still not made a massive move yet. I think it will come today during the interest rates decision and the press conference