GBP/USD Technical Analysis

(1,6050) The CABLE failed to confirm another strong closing forming instead a negative day reversal suggesting the correction could already be over; a daily closing tonight below 1,6030 will support this scenery. The indicators of the daily chart are still well negative and this morning also those of the s/t ones are below the line supporting further weakness. An hourly closing below 1,6010 will confirm a negative reversal in the hourly chart suggesting a s/t target at 1,5839. Only an hourly closing above 1,6130 will be able to postpone the decline favouring higher level.

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