GBP/USD Technical Analysis

(1,5145) The CABLE confirmed a weak closing after having confirmed our s/t target at 1,5141, remaining however still interior the inside day it formed on Monday. We have to expect further weakness. The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. In the s/t only an hourly closing above 1,5195 will postpone the decline favouring a correction with the 200 hours line at 1,5256 the possible attraction. Instead, while below 1,5195 we have to expect a drop toward 1,5030!! We wait for a decent correction to sell.

Click here to read the full report: GBPUSD 05.22

 

Future Trend