BOE send the pair higher
The GBPUSD is moving higher and higher. The pair just broke above its 38.2% at 1.3242 level and looks toward the old June 1 swing low at 1.3252 and the underside of a broken line at 1.3259.
The pair is running away from a swing area at 1.3203-10 and the 100 hour MA at the same 1.3210 area. Earlier this week that area was broken and stayed below (sans the try to go above yesterday that failed fairly quickly).
A move above the 1.3259 level will next target the 200 hour MA and 50% at 1.32824-865 area. Run there, and I would think traders will be tempted to take some profit.
Right now the underside of the broken trend line is the next target at 1.3259 area.