GBPUSD has continued higher over night to beat 1.4845/50 and hit our next target of 1.4880/85. We have topped exactly here as I write. First support at 1.4840/35 but below here a buying opportunity at 1.4810/05. Longs need stops below 1.4785 to target next support at 1.4760/55. Buy with stops on a move below 1.4735.
Holding first support at 1.4840/35 re-targets 1.4880/85. Be ready to go with a break higher to target strong resistance at 1.4900/05. A high for the day possible but shorts need stops above 1.4920. A break higher meets resistance at 1.4940/45 but if we continue higher look for an excellent selling opportunity at 1.4970/80.