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GBP/USD offers expected near 1.55 if rise extends

Wednesday, February 18, 2015 5:08 PM UTC

Cable longs may take profit near 1.55 if rise extends
UK earnings beat has fuelled GBP gains Wednesday
Pair was below 1.50 in early Feb. 1.5210 = Feb 12 low (pre-BoE QIR)
1.5481 = 23.6% of 1.7192-1.4952 (Jan low). 1.5486 = pre-Xmas low (Dec 23)
1.5456 = highest level for cable since Jan 2. FOMC minutes due ahead

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GBP/USD offers expected near 1.55 if rise extends

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