GBP/USD Technical Analysis

(1,5195) The CABLE formed a negative outside day with now 1,5280 – 1,5130 the levels to follow in the coming hours; a daily closing below 1,5130 will support lower levels suggesting a test of the 1,5025 key level. A move below this last level will abort further upside potential re-launching the decline!! The indicators of the daily chart are still well positive while those of the s/t ones are mixed this morning suggesting further consolidation, probably interior the outside day. Only an hourly closing below the 200 hours line at 1,5136 will signal possible lower levels; while above we expect the CABLE to extend the move up toward a potential s/t target at 1,5321!! We stay on the sideline but of course the negative outside day put into question further strength but very imporntat will be tonight’s closing!!

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