GBPUSD broke through major resistance around 1.466, and broke out to the topside of a rising wedge. If look at the Monthly time frame as well, the last time prices hit the lows, they bounced back up into the 1.5 area before falling back down. I think we need to see price hit 1.5 before we can determine the next course of action.
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lawlee9
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lawlee9
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Also to note, the US dollar index broke through support and is on its way to make lower lows. The weaker USD will help boost this pair higher along with other xxxUSD pairs.