I wrote yesterday that “with price so close to the top of the range, confidence is low in the triangle at this point. Trading above 1.4962 could lead to a strong break out rally. This is at odds with the bearish EURUSD structure but markets do tricky things.” We can eliminate the triangle count as the GBPUSD exceeded 1.4990. This favors a strong advance, possibly as high as 1.60. Price needs to remain above 1.4579 in order for the bullish structure to hold. Support is at 1.4812.