No change in BOE has sent the GBPUSD higher. The price has moved swiftly above the trendline, 100 hour MA and 38.2% retracement. The next target comes in at 1.61826 where the 50% of the move down is located. Traders will be watching the support at the 1.61549 (38.2%) and 1.6146 (100 hour MA).
Looking at the 5 minute chart the 1.61458 is also the 38.2% of the move up off the decision. This makes that area a key level intraday.
