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6 Feb 2015
GBPUSD: Bullish while above 1.5220/60 - 2ndSkies
FXStreet (Bali) - According to Chris Capre, Founder at 2ndSkies Forex, GBP/USD has turned bullish near term while above 1.5250/60.
Key Quotes
"Another kink in the USD bullish case, the GBPUSD today has impulsively broken above the key range resistance at 1.5266 which has held almost all year. This is one of the first pairs to take out a major structural resistance level."
"For now, ST the pair is bullish while above 1.5250/60 and will attempt to attack 1.55 and 1.5545 where some likely MT bears have ordered parked. Only a daily close back below 1.5250 re-ignites the ST bearish bias."
Key Quotes
"Another kink in the USD bullish case, the GBPUSD today has impulsively broken above the key range resistance at 1.5266 which has held almost all year. This is one of the first pairs to take out a major structural resistance level."
"For now, ST the pair is bullish while above 1.5250/60 and will attempt to attack 1.55 and 1.5545 where some likely MT bears have ordered parked. Only a daily close back below 1.5250 re-ignites the ST bearish bias."