The Pound rally continues unabated. The strong move up yesterday led me to reconsider my shorts and I have since switched to longs again. As my TA pieces indicate (see this and this) I am bullish on the UK currency mid term. But I thought we may have a good retracement before the Pound continues the rally. As the market proved me wrong, I'm back on the long side.

Both my GBP/USD long and my GBP/JPY long are now up 35 pips each. I will reconsider the long bets if GBP/USD makes a decisive break below 1.7000. For the Geppy, a move below 172.30 will mean a revaluation.
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