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FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed

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GBP/USD bounces to 1.5480 support after 8week high

Wednesday, February 25, 2015 8:39 AM UTC

1.5513 = 8week cable high after stops above 1.5480 & 1.55 tripped early Europe
1.5480 = Feb 18 high. 1.5479 = Asia high
1.5475 = Monday & Tuesday high
1.60 among bull targets beyond 1.5588/1.5621 (Jan 2/Dec 31 highs)
1.5403 = Tuesday low in knee-jerk reaction to Yellen

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GBP/USD bounces to 1.5480 support after 8week high

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