GBPUSD: closed and reversed short at 1.5544

3.08 bst

This pair is still in a bullish formation and seems well bid ahead of important event risk later today. I’m closing my short and reversing into a long position as follows:

Closed short at 1.5544, +15 pips.

Now long $20/pip at 1.5544. SL at 1.5500.

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