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Collins: Rising demand for GBPUSD

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February 25, 2015 alan collins, alan collins 3c analysis, foreign exchange, foreign exchange strategy, forex, forex 2015, forex 2015 outlook, forex buying, forex exchange, forex gbpusd, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trading, forex trading 2015, fx, fx crosses, fx exchange, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx options, fx outlook, fx pound, fx saxo bank, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx trends, fx volatility, fx volatitily, fxoptions, gbp, gbp falling, gbp trading, gbp trading 2015, gbp usd, gbp weakening, gbpusd, gbpusd 2015, gbpusd trade idea, pound, pound dollar, pound highs, pound strength, pound weak, saxo, saxo bank, saxo bank forex, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo capital markets, saxo traders, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxotv, social trading, sterling, sterling dollar, sterling forex, sterling trading, trade, trade idea, trade ideas, trade view, trader, traders, traders tale, traders tale alan collins, traders tale saxo tv, trading, trading currencies, trading fx, trading idea, trading platform, trading risks, trading strategy, trading tips, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom, us dollar, us dollar bulls, us dollar index bull, us dollar index bullish, us dollar rise, usd

Alan Collins from 3c Analysis is looking for demand in GBPUSD to continue. After several months of declines, profit takers have entered the market pushing the currency pair higher. Alan notes that the majority of trading days are marked by minor declines or periods of consolidation, but sentiment is often quickly reversed. With a rising Keltner channel signaling greater demand, Alan is targeting a move to USD 1.5546 and USD 1.5591 with any setbacks limited at USD 1.5454 and USD 1.5418 and more medium-term risk levels set below the 13 day moving average.

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