Is the GbpUsd catching its breath or the show is over?
Yesterday was a relatively calm day for the GbpUsd, after two days of spikes.
The current patterns suggest a bearish trend if the cable breached 1.53497, which may throw it back to its 3 months support level at 1.51646, and 1.53028 being the primary objective. Breaking through 1.54045 will lead it back to pursue the rally towards 1.55, with 1.5443 as a primary objective.
The Cable was trading around 1.53662 at today's opening, below its daily Pivot Point 1.53735. The cable's daily support levels are around 1.53424 and 1.53187. The cable's daily resistance levels are around 1.53972 and 1.54283.
The current patterns suggest a bearish trend if the cable breached 1.53497, which may throw it back to its 3 months support level at 1.51646, and 1.53028 being the primary objective. Breaking through 1.54045 will lead it back to pursue the rally towards 1.55, with 1.5443 as a primary objective.
The Cable was trading around 1.53662 at today's opening, below its daily Pivot Point 1.53735. The cable's daily support levels are around 1.53424 and 1.53187. The cable's daily resistance levels are around 1.53972 and 1.54283.
