GBP/USD: Bullish above 1.5220

Market is trying to digest Japanese Economy Minister Amari’s words, who hit the wires stating that “yen strength has been largely corrected” at the beginning of the week. But with half local markets on holiday, volume remains shallow across the board, with majors mostly ranging. GBP/USD traded as high as 1.5217, finding resistance in the 50% retracement of the latest bullish run from 1.4830 to 1.5605 and currently retracing from the level, half way towards its daily low of 1.5157. Technical

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