FX_IDC:GBPUSD POUND STERLING / US DOLLAR
Pair hit 1.4480 as expected in the European session outlook.
- Looking forward, the odds of a break from the sideways channel on the hourly remain high given the repeated rebound from sub 1.44 levels since the start of the week.
- Bullish pace would gains more traction once prices see an hourly close above channel resistance now seen at 1.4490-1.45 levels.
- On the lower side, only an hourly close below channel support now seen at 1.4420 would signal continuation of the downtrend that began from a high of 1.4770.