As we indicated yesterday, a break above 1.4550 would see GBP/USD trade higher. It Traded up to 1.4700 before coming back to the 1.4600. Currently at 1.4620-25.
We should now see an accumulation pattern emerge before shooting higher towards 1.5000. Look to buy around 1.4600 for short term plays up to 1.4640 for the next few hours. Overall Im a buyer between 1.4550-1.4600 for the push to 1.5000.
