GBPUSD

1. We see a wedge formation on the hourly chart.
2. MACD cross, RSI near overbought.

3. We see a possible drop there.
4. Recommended sell: TP at least 1.52250, SL 1.52700

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1. Hourly chart shows rally exhaustion through RSI and MACD

2. Lower high.

3. Pair capped strongly by Fibonacci level on the daily chart (1.52 level)

4. Friday - risk off over the weekend?

5. Recommend to sell at current levels; TP: 1.50700, 1.50

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1. 4 hourly chart shows consolidation.

2. Capped by Fibonacci resistance, as well as previous highs.

3. With the Cyprus issues raging on, we cannot see a big rebound on this pair, unless its a move on EUR/GBP.

4. Still range bound, but suggests to sell rallies at 1.53100 if it ever goes there. 

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1. Fibonacci Congestion at 1.51900 area.

2. In an otherwise uncharted area since 2010, we suggest to stay out now, and buy dips near 1.48500.

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What the...?

Wow did we hear this correct? BOE King is not seeking to push Sterling downwards? And its markets that determines the strength? 

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1. Pair has moved into an oversold region.
2. Buying pressure has been seen from 1.485 region.
3. With threats of QE, poor data, things cannot seem to get any worse for GBP.
4. We favour a buy from current price, TP targets would be Fiboacci levels and RSI retracement.