GBP/USD follows the same pattern
The pair looks to be repeating the pattern of recent days, which have seen cable advance, pull-back and then advance again. If yesterday’s lows of around $1.4136 hold, then we could see further upside progress towards the 50-day simple moving average (SMA) at $1.4350.
A close above here would enable the pair to contemplate a continuation of the rally, this time to the February highs around $1.4670. Dips should continue to be bought here, with only a move below $1.4050 invalidating this outlook.