GBP/USD Technical Analysis

(1,5536) The CABLE confirmed a positive closing recovering from the sell off toward 1,5450. Only a daily closing above 1,5600 will support further strength suggesting a test of the 200 days line at 1,5758!! The indicators of the daily chart are still well positive but still showing potential negative reversals. The indicators of the s/t charts are instead mixed suggesting some consolidation. The move up could have formed a negative reversal situation in the hourly chart suggesting a s/t target at 1,5440!! A return below the 200 hours line at 1,5533 will support a resumption of the decline!!

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