GBP/USD Technical Analysis

(1,5476) The CABLE confirmed a weak closing below the lows of the previous few sessions as well as below the 200 days channel suggesting further downside pressure! The indicators of the daily chart are however still well positive while those of the s/t ones are showing a mixed picture this morning suggesting further consolidation/ correction. While below 1,5530 on an hourly closing we expect the CABLE to extend the decline toward the 200 hours line now found at 1,5385. We keep stay short the position suggested and made yesterday with a stop at 1,5535!!

Read the full report: GBPUSD 08.13

 

Future Trend