Surprisingly the Pound managed to test and reject a slide back to the 50 day moving average. Fortunately for the bull camp in the Pound recent wage growth and unemployment results favor the bull case and while that might not dramatically increase the prospect of a UK rate hike, that clearly provides the Pound with fresh bullish fodder. Up-trend channel support in the March Pound sits down at 1.5339 but that support level rises to 1.5383 on Thursday.
