protegefx
Short

Short on Corrective Recovery

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
93 1 0
GBP/USD             snap back bounce at this hour is not changing the overall bearish tone off the recent top, but clearly the shorts have stepped back for now. Cable could try to extend the bounce to the 1.5500 level before the action starts to look heavy again. Support for now stands at 1.5400 to 1.5382/16. Strategy. Short 1.5570, Stop:1.57215 Target; 1.52
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