CABLE: I WANT TO BUY, AND YOU ?

GBPUSD test 50% Fib retracement I draw on the chart at 1.5150

50% Fib Retracement is very important : Basic TA knowledge: Any bounce from 50% Fib retracement confirm for uptrend : The downtrend is rejected.

Moreover, 50% Fib Retracement is also coincides with SMA50 + SMA100 : GBPUSD bounced from this level, and I think GBPUSD should go up.

I run a LONG position of GBPUSD at 1.5314, take profit 1.5540, stop loss 1.5210

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