Forex - Read Full Story at migbank GBP/USD has a medium-term structure, present since 1.5781, that suggests the rise from this same level may be nearing completion. However, in order to eliminate the possibility of a further bout of strength, a push under 1.6111 is required. Thus in the meantime, there remains scope for further short-term strength and the potential formation of a termination pattern. A rise over 1.6455 is required to increase the probability of a re-test of 1.6618, then 1.6747. We remain neutral, wary of being caught out in volatile sideways trade .
