Buyers go to the next level
The GBPUSD moved above the trend line resistance. It has also filled the weekend gap (1.4304-44 ) and the combination helped lead the way for a lower dollar in the current hour move.
The pair in the process to (and slightly through) what has been a dividing area for the pair. That comes between 1.4349 and 1.4377. There have been 7 swing lows/highs going back in time. The most recent moves into the area moved briefly above (from Feb 18 and Feb 19) but quickly moved back down.
What was resistance now becomes support but there is a new high to get to and through as well.
