GBPUSD Waiting on more US Data

The GBPUSD has seen a marvelous breakthrough to the upside and has meat resistance near 1.21. This is as a result of mixed US economic data and a FOMC Doveish stance which some persons are hoping will mean a reduction in the size of future rate hikes to maybe 50 basis points. A recession is projected for next year and FED Chair Powell has said before that rate hikes may remain "consistently high for longer than expected" and though the upside is favored now any data that confirms recession or rate hikes remaining unchanged will halt any rally and favor the downside. After the upcoming BOE L Mann Speech the next piece of major data will be next week Tuesday the market might consolidate until then.