GBP/USD Holds Above 1.4515/20
Jason Sen | Feb 11, 2016 03:37AM ET
GBP/USD outlook positive as we hold above 1.4515/20 to re-target yesterday's high at 1.4577. A break higher today looks more likely and targets 1.4585/88 then 1.4610/14. If we continue higher look for 1.4646/49 before last week's high at 1.4665/68.
First support at 1.4515/20 could hold the downside now but below here risks a slide 1.4450 for a buying opportunity. Longs need stops below 1.4410. A break lower however targets 1.4375 then support at 1.4355/50.
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