GBP/USD Technical Analysis

(1,5715) The CABLE confirmed On Friday a weak closing, another one, forming even a negative outside day with 1,5890 – 1,5675 the levels to follow in the coming hours. A closing below 1,5680 will confirm further direct weakness, scenery that only a daily closing above 1,5880 will be able to abort!! The indicators of the daily chart are still well negative; the decline failed yet to form divergences!! The indicators of the s/t charts are also negative this morning supporting further possible weakness. Possible rebounds should find resistance at 1,5745 before the 200 hours line at 1,5790. We wait for a decent rebound to sell.

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