GBP

i believe that gbp has a higher probability of a bounce at short term targetting 1.55 and than 1.57 which looks a little far fetched now , however i am not ruling out a decline to 1.48 which may occur after the bounce or maay be its happening now so be very tight and carefull. A decline to 1.48 means further drift to 1.44 however a bounce at 1.48 will confirm that gbp has bottomed. This is my personal opinion so i am going long with a tight stop loss with 1.5450 initial target. and will go long again at 1.5150 with tight stop loss if FAILED I WILL initiate short postion.

koolstad
luck favors the brave, i too believe a decline below 1.48 is possible shortly

Long USD/GBP? Yes. Will work but only if there is no hype about EUR. Anyway as UST 2 y yield falls
and 2y 10 y spread fall too that is support for USDx.

long gbp now is good idea or not

depends on what impact on Goldman operations. They say it will not affect Goldman. But it will certainly affect the risk perception. Who knows what other Goldman-like surprises can we expect. I mean, the silver market fraud connected with JPM is another serious issue and maybe even bigger. So what's this GS charge? A real charge or just an attempt to redirect our focus somewhere else? :)