GBP/USD Technical Analysis

(1,5242) The CABLE confirmed a negative closing but it failed to confirm the break below 1,5205 where we went short!! While below 1,5300 we expect further weakness for the CABLE suggesting a break below the support line now at 1,5195!! The indicators of the daily chart are however still positive but those of the s/t ones turned already all negative this morning supporting further weakness. Only an hourly closing below 1,5195 will however support lower levels. We stay short with a stop at 1,5305!!

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