GBP continued higher towards Tuesday's highs and hitting the Weekly channel top @ 1.9928..This price action has also pushed Tuesday into a 'fake-break'....
Trading around the Weekly tops, and a 'fake-break' and it can often lead into a reversal back towards the 3-day lows...
Note: I was looking for a move back down into the Weekly 50% level and then trading up into these Weekly highs, but it looks like it could do the opposite and reverse back down from these highs into the Weekly 50% level...
Speculation of US fed cut cutting .50 points on rates will place enough Buying support or interest on the GBP to hold it up, and if it happens it will continue towards February 50% level without any pullback
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