GBP/USD Technical Analysis

(1,5767) The CABLE confirmed a very weak closing well below the 1,5828 key level confirming therefore a double top formation and suggesting further weakness toward 1,55 and later 1,53!! The indicators of the daily chart are still well negative supporting lower levels; those of the s/t charts are also well negative with bullish divergences in all s/t charts supporting a negative tone. We expect further direct weakness toward 1,5690 form where we expect however a correction!! We stay on the sideline.

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