GBPUSD is facing the key correctional level - Technical Analysis - 03/09/2015

The GBPUSD broke the bullish trend line, moving near 50% Fibonacci level for the last bullish wave, and holding above this level – at 1.5246 – will keep the chances valid to return to the main bullish trend.

Stochastic is positive and support the positive possibility, and breaching 1.5407 is required to confirm the continuation of rising in the upcoming period, while breaking .5246 will push the price for more bearish correction.