GBP/USD closes at a new ST high Wednesday and shows no signs of letting up Thursday

FXstreet.com (Barcelona) – The GBP/USD closed above previous resistance at 1.6259 Wednesday and appears to have more gas in the tank for more of a run. No US data Thursday will have traders focused on British headlines later.

GBP/USD traders to react to British data and technicals on Wednesday

With the US celebrating the Thanksgiving holiday Thursday, GBP/USD traders will have to get all their direction from the technicals and from the British Financial Stability Report due out later on Thursday.

Technical outlook for GBP/USD

Technicians say that GBP/USD has conquered the 10/23 intraday high at 1.6259 – which was …read more