Monday, January 26, 2015

Trade Idea Wrap-up: GBP/USD - Hold long entered at 1.5000

As cable has rebounded after finding renewed buying interest just below 1.5000, retaining our near term bullishness for the rebound from Friday's low at 1.4951 to bring retracement of recent decline, above 1.5077-82 (previous support and 50% Fibonacci retracement of 1.5213-1.4951) would bring retracement of recent decline towards 1.5110-15 (61.8%



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