Corrects period GBP/USD within 1.30-1.40 to 15 months

• GBP/USD dropped from last week's 1.31-1.33 range to 1.30-1.32 this week

• Slow moves often sustained. 1.3000 mark (2022 low) is crucial for hedging

• A drop below will lead to a big adjustment to account for a deeper drop

• Cable has traded within a rough 1.30-1.40 for range for 15 months

• There is scope for cable to drop to base monthly cloud at 1.2465 by August

• The next long-term target is 1.0500

• This a year a big move into USD is likely as U.S. rates rise

• Speculative bets on USD rising could triple this year

•