GBPUSD: Will it go any lower?
The GbpUsd closed its third consecutive bearish session, managing to close below its 3 months support level. Volatility is still increasing, the bollinger bands are still spreading up. The trend is still bearish unless the cable breaches 1.52050, which will suggest an inversion towards 1.52880, with 1.52336 as an objective.
The cable will continue seeking lower lows, should it cut 1.51290. The latter if breached, the cable will head south to 1.50594, with 1.50942 as a primary objective.
The daily Pivot Point is around 1.51603. The daily support levels are around 1.51155 and 1.50843. The daily resistance levels are around 1.51915 and 1.52363.
The cable will continue seeking lower lows, should it cut 1.51290. The latter if breached, the cable will head south to 1.50594, with 1.50942 as a primary objective.
The daily Pivot Point is around 1.51603. The daily support levels are around 1.51155 and 1.50843. The daily resistance levels are around 1.51915 and 1.52363.
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