GBP/USD hovering above correction support at 1.6152. Is a move higher next?

FXstreet.com (Barcelona) - GBP/USD may have finished its short-term correction to the downside at 1.6152 Thursday. Will a resumption of the macro uptrend commence now?

GBP/USD traders to focus on US Friday

Friday, GBP/USD traders will have to focus their attention exclusively on the US – on the budget battle in DC and on three Fed Head speeches being given throughout the day.

Technical outlook for GBP/USD

GBP/USD is trading just above “correction support” at 1.6152. Technicians are calling for GBP/USD to rally off of this support and set new highs above 1.6260. A break of support will likely lead to a move down to 1.6115.