With the Pound seemingly benefiting from definitive global macro-economic optimism early in the week, the Pound short term overbought and some fresh hawkish Fed dialogue overnight, the path of least resistance in the Pound looks to be pointing downward. In fact, a return to the 50 day moving average down at 1.5305 is possible directly ahead, especially if global equities finish the week lower and US data tamps down global economic sentiment.
