GBP/USD Hits New Highs

 | Feb 04, 2016 10:19AM ET

GBP/USD hits new high but not sure if pound is done here. Notice that turn down did not last long and it quickly found a support near 1.4530 so we assume it can be just another wave four and that 1.4667 can be breached. GBP/USD is very strong this week so we would turn bearish only if 1.4442 is out.

GBP/USD, 1H