The GBPUSD is testing the topside channel trend line at the 1.5546 level as the number is awaited. A break above, and stay above and there should be upside momentum that moves toward the 200 and 100 hour MA level (green and blue lines in the chart above at the 1.5611 and 1.5621 respectively).
A number that moves the price lower wil look toward the 1.54835 and then 1.5472 area (lows from mid June – see chart). A move below these levels should increase the bearish momemtum for the pair.
