GBP/USD Technical Analysis

(1,5514) The CABLE is still under pressure after the further very weak closing last night suggesting further pressure toward 1,53! The indicators of the daily chart are still well negative while those of the s/t ones are showing a mixed picture suggesting further consolidation. Bullish divergences confirm a negative tone. Possible rebounds are selling opportunities but we suggest waiting for levels close to the 200 hours line, now found at 1,5659 We stay on the sideline!!

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