The Trend of the Day - GBP/USD

Trend may take a break at this point as it appears over-extended.

Trend may take a break at this point as it appears over-extended. However, it is risky to trade against such a strong daily trend. Look to buy any pullbacks to the daily trend line in the area of 1.5466 to 1.5800 for a push to the October 20, 2008 highs in the vicinity of the 1.7471 area.