FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
Pair hit 1.4480 as expected in the European session outlook.

  • Looking forward, the odds of a bullish 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.
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