GBP/USD Technical Analysis

(1,5436) The CABLE confirmed a very weak closing after it failed to move above 1,56 also yesterday. We expect now a test of the support line at 1,5340!! The indicators of the daily chart are however still well positive but still showing potential negative reversals. The indicators of the s/t charts are negative this morning supporting further weakness. While below 1,5460 on an hourly closing we expect further direct weakness suggesting a 1,54 undershooting!!

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