GBPUSD motors up to 38.2 fib of 1.7190 fall

GBPUSD survives a first test of July 2014 fall

1.5573 is around 7 pips over the fib level on my charts. Factor in different platforms and that's close enough to call a hold in my book

GBPUSD

I've taken a small short up against the fib level here and will look to see how it performs. As a starting stop I've plopped one just over 1.5620 and will nurse it as I go. I'm playing a purely technical trade here.