FXstreet.com (Barcelona) - After falling around 100 pips from 1.4921 to find support at 1.4821, the GBP/USD has begun to rise to test the 1.4900 level. Currently, the pair is trading around 1.4885/41.4905 after falling 0.08% from the 1.4907 opening price.
Yesterday, Cable rose 0.32% from the opening price at 1.4863, reaching 1.4944 as maximum and 1.4826 as minimum, to close the day at 1.4911.
Nicole Elliot, Mizuho Corporate Bank's Analyst, says: Comment: Hovering cautiously under the psychological level at 1.5000 and could do with a bit of help from other major currencies to trade through here.
Elliot provides us with her level: Strategy: Buy at 1.4865; stop below 1.4550. Short term target 1.4960/1.5000, then more.
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