Tests topside channel trend line now
The GBPUSD got destroyed before Carney. Once he started to talk (headlines), the selling turned to buying and we have seen the price move from a lower trend ( to now the upper trend line (at 1.2152). The high of the correction moved up to 1.21495 – just short of the trend line level. That line was resistance. Yesterday it was broken and then was support. Today, the fall below it earlier, triggered more selling pressure.