GBPUSD 4 hr chart
GBPUSD 4 hr chart with fibs
BoE midday. If they dip it into those support levels and hold then we could get bought and see 16200+.
Close under here and we could retreat.
This weeks highs is a major daily pivot so we need a good push to get through.
I will watch to see if we hold then enter after BoE.
Ftse and Nikkei are weak although the Dow had a very bullish close last night.
In recent ECB / BoE days we get a move in GBP, a pause and then continuation after ECB.
IF ECB hold rates, I would expect EURJPY to run up well with EURUSD.
It could be very whippy today so be patient an stand asside if you don't see an entry.