SEB: GBP/USD trade
Strategists at SEB recommend selling GBP/USD in the high $1.53’s – low 1.54’s or on a break below $1.5028.
According to strategists, GBP/USD has achieved the minimum target for the upward reaction, moving above $1.5222 (the A-wave high). However, a completed correction needs to be confirmed by a break of $1.5028.
Chart. H4 GBP/USD