Soon after writing about the support in EUR/GBP it gets smoked and helps lift cable through 1.56 to a 1.5620 high where it finds some resistance at the first look.
We’ll need to see the 0.7796/800 level hold on a re-test to confirm the break but given the time of year and liquidity it wouldn’t be a surprise if it did move back up through there. Next support is at 0.7755
GBP/USD will be looking at the next old S&R level at 1.5630 which also contains the 100 h4ma
GBP/USD H4 chart 31 12 2014