GBP/USD Technical Analysis

(1,5255) The CABLE confirmed also yesterday further 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 still well positive while those of the s/t ones are mixed suggesting further consolidation. While below the 200 hours line at 1,5304 we expect the CABLE to remain under pressure with the 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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