Similiar to the EURUSD the GBPUSD pushed higher on Thursday following the EUR lead. The pair moved predictable to the .618 Fib from last May's decline at 1.5904. This level has capped price action so far on the crosses slow climb higher. The BOE is widely expected to remain on the sidelines Thursday and leave interest rates and it's asset purchase program unchanged. This will leave the pair open to the direction the EURO sets. A break above 1.5904 exposes 1.5980 followed by 1.6050. A break lower exposes the 50 fib once again at 1.5782.
Res 1.5980 1.6050
Keane Plan...Watching the pivot at 1.5904 for hints of future price action.
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