GBP/USD Technical Analysis

(1,5003) The CABLE confirmed a weak closing below the low of the previous session while however still remaining interior the inside day with 1,5200 – 1,4975 still the levels to follow in the coming hours; a daily closing below 1,4975 will support further direct weakness suggesting a drop toward 1,4750 if not even 1,45!! The indicators of the daily chart are still well negative and this morning also those of the s/t ones are negative supporting further weakness. Fresh bullish divergences still confirm a negative tone. The decline confirmed the negative reversal suggesting a s/t target at 1,4839. We stay on the sideline waiting for a selling opportunity.

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