GBPUSD: Will it continue to push lower?
The GbpUsd failed to close above its 3 months support level, which would have given signals of an inversion. Instead, it was seeking 1.50914. Volatility is still increasing, as the bollinger bands are still spreading up. The trend remains bearish, unless the cable breaches 1.51904, which will send the cable up towards 1.52880, with 1.52536 as a primary objective.
If the cable cut through 1.51075, it will head towards 1.5038, with 1.50759 as a primary objective.
The daily Pivot Point is around 1.51493. The daily support levels are around 1.50848 and 1.50432. The daily resistance levels are around 1.51909 and 1.52554.
If the cable cut through 1.51075, it will head towards 1.5038, with 1.50759 as a primary objective.
The daily Pivot Point is around 1.51493. The daily support levels are around 1.50848 and 1.50432. The daily resistance levels are around 1.51909 and 1.52554.
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