GBPUSD chops but chops higher. What would hurt the higher story? - ConsultFX

GBPUSD chops but chops higher. What would hurt the higher story?

Approaches a topside target area The best way to characterize the GBPUSD trading is a chop higher. The price has moved higher but there are a lot of 15-20 pip moves back and forth.   You can see that on the 5-minute chart below.