GBP/USD Technical Analysis

(1,6010) The CABLE confirmed a weak closing last night below the low of the negative day reversal it formed on Tuesday. The closing was however still above the support line but at the moment the pair is already moving below of it. We expect further weakness toward the 200 days line at 1,5904!! The indicators of the daily chart are still well negative and this morning also those of the s/t ones are still below the line supporting further weakness. Now clear bullish divergences confirm a negative tone. In the s/t only an hourly closing above 1,6035 will favour a little higher levels, move that we see as a correction. We wait for a decent rebound to sell.

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