I doubt that it [slower inflation in the U.K.] would have lasting impact on the pound sentiment,As a cable trader, i have done all analysis on the pound,technical and fundamental,GBP/USD did refresh the 2009 highs yesterday, but its prospects are dim, since the pair appears to be indecisive in the presence of 1.70. Nevertheless, most of the indicators imply that the Pound is going to succeed eventually, which would pave the way towards the upper boundary of the bullish channel at 1.7320. Alternatively, the Cable may again seek support from the lower boundary of the channel at 1.6749, also the current location of the 100-day SMA. considering the uk bank of england minutes at 8:30 GMT and usa current account figures at 12:30 GMT. MY ICHIMOKU TREND SYSTEM indicates short uptrend. so i will take a long position with 50pips T.P
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