DJ MARKET TALK: Expect GBP/USD Stops Above $1.5020

[Dow Jones] GBP/USD nudges up to the day's high of $1.4987, and if it can get above $1.50, which it failed to do Wednesday, then expect to see stops come in above $1.5020, says a trader. That said, he favors fading this upmove with a stop above $1.5030, looking for a return to Wednesday's lows around $1.4880 on the downside.