GBPUSD Testing Channel Top

The GBPUSD made short work of testing the top of its channel after better than expected GDP data.  The pair is currently resting just below channel resistance at 1.6130.  A break or hold of the 1.6130/40 area will dictate price action into the end of the week.  A hold could see a slow drift back down towards support at 1.6050.  If the cross manages to break higher 1.62 is the first level of meaningful resistance.

Sup    1.6050             

Res    1.6130/40

Keane Plan...Looking for a break or hold at these level.

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