The British Pound made a noteworthy bounce against the US Dollar on important long-term support at the 1.5300 mark, and short-term momentum favors further GBP/USD gains. A look at the 60-minute chart shows that the GBP/USD has recently stalled at the 78.6 percent Fibonacci retracement of the 1.6330-1.5270 move at 1.6100, but a break higher would likely take the GBP to the full retracement of said move at 1.6330. Increasingly one-sided FX trader sentiment has led our Speculative Sentiment Index-based trading signals to buy the GBP/USD through yesterday’s trade, and we expect that it may continue to rally through to 1.6330 before potential for a noteworthy turn.