GBP/USD Technical Analysis

(1,5160) The CABLE confirmed a weak closing at the support of the negative outside day at 1,5130 but well below the lows of the previous sessions suggesting further weakness suggesting a test of the 1,5025 key level. The indicators of the daily chart are however still well positive while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. The drop toward 1,51 failed yet to form new divergences while instead showing a potential positive reversal. While below the 200 hours line at 1,5151 on an hourly closing we favour further weakness and a firm test of the 1,5025 level!! We stay on the sideline!!

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