The $1.4811 low printed last week resulted in a false breakout and the subsequent price action has seen a squeeze on the GBPUSD shorts. Cable is trading around the broken trend line and 38.2% Fibonacci retrace area during early week rangebound trading. This comes after price moved as low as 1.5026 on Monday but ultimately found support at this price pivot zone. Out recent updates had noted that the $1.5030 area was viewed as key and this level remains as a technical area of interest. A change in sentiment and any sustained move under the 1.5000 – 1.5030 zone has the 1.4812 significant swing low as a focus. Above the ... (full story)