Final the wait is over. Fed announced a half a percent cut in intrest rate. I will expect the northward climb of the GBPUSD until a major announcement of either UK/US economic news that will reverse the trend.
Take note of the news tonight at 2030 - US Unemployment claims. If the news show more claims than expected, the price may go southward.
Technically, looking at the daily chart. I will clamped the price between EMA100 and EMA200, that is 2.0130 and 1.9950. That is expect a breakout at 2.0180 or 1.9880, the two Fib retracement line calculated from 12 to 17 Sep 2007.
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