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GBPUSD could be about to breakout and here's why

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February 23, 2015 business, business news, cable, content, dollar pound, employment, faraday, finance, finance news, foreign exchange, forex, forex trading, fx, fx markets, fx trading, gbp, gbpusd, highs, lows, pound, pound dollar, pound fall, pound rise, research, saxo, saxo tv, sterling, sterling dollar, sterling rise, trading, tradingfloor.com, tv, tv content, tv news, uk, uk economy, united kingdom, usd
Since the beginning of the month, GBPUSD has been rotating higher and it's recently broken out of a long term descending channel. Research by Faraday suggests we could soon be testing recent highs again, notably if it continues to trade above 1.534.