The Pound

Chart courtesy of Advanced Get. Data provided by ESignal.

It would be unlikely that we would not see a re-test of the highs on the GBP USD pair. We are sitting on a fib support so this could be setting itself up for tomorrows data. As we all know price will do what it wants so even though historically we should see re-tests it will be dependent on certain information that comes out. To break 2.01 we need good solid Pound bias data tomorrow to act as a springboard. Shoudl we not get that then we could see further downside.

I will be updating again tonight.

Good luck.