GBP/USD Technical Analysis

(1,5485) The CABLE confirmed another negative closing, however interior Friday’s range! This will not change the trend but it’s showing some resilience, at least in the s/t! The indicators of the daily chart are still well negative while those of the s/t ones are now mixed supporting some consolidation/ correction. In the s/t only an hourly closing above 1,5510 will postpone further weakness favouring a rally toward the 200 hours line, now found at 1,5608. We suggest waiting for this possible move up to sell the sell the CABLE!!

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