1.5050/55 is the number to watch as yet again we fail at the topside. If we break there then we’ll be looking at a short term down trend that could head to 1.4900.
GBP/USD H4 chart 29 01 2015
We obviously can’t rule out some end of month flows hitting the quid, particularly in EUR/GBP. I still can’t see why anyone would buy euros except for business.
1.5000 should be the line in the sand for short term traders trading this range
