Source: Thomson Reuters
- GBP/USD closing in on 1.5177 fibo resistance, 1.5177 = 61.8% of 1.5554/1.4567 Feb-Apr fall
- Offers touted at 1.5185 (100DMA), 1.5200/15 resistance beyond
- Sustained beak opens the way for a full retrace to the Feb 26 1.5554 top
- 1.5173 = 7wk high for cable after US data, 1.5146 (London am high) is now a support point
- Latest surge clears cloud top, at 1.5095 which increases bullish sentiment
- Key week reversal/bullish engulfing line - positive weekly close to confirm
