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GBP/USD pops on short-covering as stops survive

By   || September 2, 2010 at 14:56 GMT
|| 2 comments || Add comment

Stops below the 1.5350 level survive their brush with a near-death experience and traders have been forced to scramble to cover. Low and behold, we’re up to 1.5400. She’s a cruel mistress, cable…

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2 Responses to “GBP/USD pops on short-covering as stops survive”

  1. herve on September 2nd, 2010 15:11 GMT

    that didn’t last long. Dipped right back down.

  2. Jamie Coleman on September 2nd, 2010 15:14 GMT

    That’s the one good thing about cable… When you’re wrong, it’s a nice, quick kill…

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