GBP / USD: We must save the Queen!

Last Friday, a strong rebound is reached on the GBP / USD, bringing the ongoing resistance 1.53. The Queen (British pound) is currently still not saved. This would require a validated over 1.53 return, which would boost the uptrend background initiated since the beginning of July.

We are neutral for the time between 1.5237 and 1.53. We advise to wait an exit of this range to take position:

- Long (buy) in case of breakage of 1.53. We can then target a test 1.5417.

- Short (sale) in case of return below 1.5237. The 1.5138 support should then be tested again.

ps: Traders with a more aggressive strategy can treat the pair according to 1.5250 (long over; Short below).

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