A high level consolidation to end the week, after the still more positive tone from the bullish outside pattern on Thursday, which reinforced the upside bias within the broader non-trend, range theme.
The firm February recovery effort above the key 1.5270 level and trend line from July 2014 completed a short-term base, for a broader consolidation phase, but with a very near term positive tone.
For Today: We see an upside bias through 1.5440/45; break here aims for 1.5500.
A taster of the report above. To view the full GBPUSD report with screencasts, levels and more, click here
Remember, for a FREE trial of our FX and all other reports, sign up by clicking here
Daily GBPUSD Chart