Our analysis yesterday noted that the GBPUSD pair had seen a test of the key previous cable support level – located around the $1.4830 mark. We also noted that the daily low of $1.4811 resulted in an initial intra-day rejection and price was subsequently trading around $1.4860 after the false break lower. Further to this, the rejection from the $1.4830 area low has seen a continuation higher post the FOMC event risk – with news that officials need more evidence of a recovery in the jobs market before winding up the stimulus program - and price is now trading back above the $1.5000 round number area. The $1.5000 area ... (full story)