GBP/USD, above 1.5000 is territory of the buyers!
Do you remember my predicted turnover point at GBP/USD? Low of the year for now is 1.5034 from January 08. where the pair did find solid support and bounce to 1.5200 two times already. Today, British CPI data lower then expetation smash the Pound lower again to 1.5080, but buyers decided that CPI data are not so bad and turn the pair up again to 1.5180 for now. At 1.5200 is first reistance after wich 1.5270 –> 1.5300/20 is waiting for the bulls. There are several 100 pips roller coasters in the market these days, this was one of them again.
Forex Trader 