Gbp crosses are looking to breakout of downtrend as GbpUsd strength continues
GbpUsd is going up on its way to retest previous highs
At the same time GbpAud has broken a downtrend
It looks like traders are bullish Gbp
Lots of US data today - including the Yellen speech- does not seem to be expected hawkish
US is coming back on its promise to raise interest rates a number of times this year
I will be looking if 61.8% retracement of previous move down GbpUsd holds
This level is around 1.4340, and if broken will signal bullish move
gl all
GbpUsd is going up on its way to retest previous highs
At the same time GbpAud has broken a downtrend
It looks like traders are bullish Gbp
Lots of US data today - including the Yellen speech- does not seem to be expected hawkish
US is coming back on its promise to raise interest rates a number of times this year
I will be looking if 61.8% retracement of previous move down GbpUsd holds
This level is around 1.4340, and if broken will signal bullish move
gl all