GBP/USD Technical Analysis

(1,5232) The CABLE confirmed a further session of consolidation interior the inside day with 1,5385 – 1,5205 still the levels to follow in the coming hours. Only a daily closing below 1,5205 will support a resumption of the decline!! The indicators of the daily chart are however still well positive but those of the weekly one remain negative. The indicators of the s/t charts are also below the line for now supporting further weakness. The drop form above 1,5350 formed a negative reversal suggesting a s/t target at 1,5193!! We stay on the sideline while waiting for higher levels to sell. We sell also a break of the support of the inside day below 1,5205!!

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