The sterling-dollar exchange rate has tested a key support level at the bottom of its rising trend channel around $1.5200, says Matt Shaw at www.financialtrading.co.
Above $1.5270, my bias is bullish, and I would add to positions on a move through $1.5300. My target is above $1.5350, whereupon I will exit. I operate a 50-pip trailing stop-loss.