The GBPUSD pulled of a slight of hand on Tuesday and pushed higher. The cross delivered negative Industrial Production, Manufacturing Production and GDP estimates, a still managed to push higher. The secret of this trick was that the numbers weren't as bad as expected. The cross managed to push above the top of the triangle that has been containing price action over the last few weeks. The pair moved up to test daily price support at 1.56 befor losing ground for the remainder of the day. Any move back down towards price and descending trend line support at 1.55 could find buyers.
Keane Insight: looking for a retest of the descending trend line near 1.56