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Forex pairs in this Article » GBP/USD, GBP/AUD, USD
Talking Points:

- GBPUSD makes progress despite disappointing UK retail sales.

- GBPAUD trapped in sideways range - breaks possible on either 1.8400 or 1.8600.

- Significant data absent from calendar on Friday.

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Weaker than expected retail sales couldn't knock back the British Pound, which is nearing breakout points versus the Australian and US Dollars.

A H4 close above $1.6690/700 could signal a return towards 1.6820, but a breach of 1.6600/20 could indicate a larger top in GBPUSD.

For GBPAUD, a range between A$1.8400-1.8600 has developed since February 12 - bias is to the upside in context of the downtrend from late-December breaking, will look to add longs above 1.8600/50 and close the position at 1.8400.

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