g2-rockach
Long

GBP/USD possible rally to 1.67000 in short term?

FX:GBPUSD   British Pound / U.S. Dollar
213 2 1
Not a trade I will be taking as off on holiday this morning. However could be a nice opportunity if price breaks above red dotted line on the hourly chart. if we get a break above, then price should get to the 23.6 fib level, which is also an area of well held previous support. I think there will be resistance at this level.
USD figures due out at 13.30 today and look at this stage positive for USD. I would not want to be in the trade around this time personally.
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1.66500 level is an area to be aware of if price does break upward, some possible resistance?
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